Jokes apart....
Are we in for a big correction in here??? :annoyed:
Chaitanya, does it really matter to a trader ? Think Again ?
As a trader, we just go with the flow.. This question shd bother buy & hold investor who don't understand how to analyse the charts of their timeframe.
In my view, on a longer timeframe as well, correction is due. Sustainable Bull markets don't start without >50% dip of first retracement/double bottom type of formation. We haven't seen that kind of correction because central bank/ politicians are active in the mkt. Effect of interest rate increase is yet to show on Industry. If not price then atleast time correction is expected (i.e. sideway move with 5400/5500 acting as upper end).
Happy Trading