Just an idea for next week -
After this nice rally of two months I am guessing of strong correction beginning middle/end of next week.
The way elections are going this year, looks like we are again going to have complicated combination in power. Average percentage voting this year is less than the previous elections, elections were held on weekdays.
That means not a lot of new voters went to vote, means not a lot of educated voters did vote.
Based on the voting from the old voting bank, mostly uneducated and orthodox voters, none of the big parties will get majority. This has very high possibility.
Market is going to face political drama after 15th for a week or two. If the drama is done in a weeks period, the rally will slowly continue.
This just a personal opinion for good discussion
Regards
After this nice rally of two months I am guessing of strong correction beginning middle/end of next week.
The way elections are going this year, looks like we are again going to have complicated combination in power. Average percentage voting this year is less than the previous elections, elections were held on weekdays.
That means not a lot of new voters went to vote, means not a lot of educated voters did vote.
Based on the voting from the old voting bank, mostly uneducated and orthodox voters, none of the big parties will get majority. This has very high possibility.
Market is going to face political drama after 15th for a week or two. If the drama is done in a weeks period, the rally will slowly continue.
This just a personal opinion for good discussion
Regards