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FALL ING momentum |
vetrivel
White Belt
Joined: 23 Jul 2007
Posts: 20
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Post: #1  Posted: Mon Jun 30, 2008 12:42 am Post subject: FALL ING momentum |
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Dear Friends,
From the previous Low of 4002 NIFTY SPOT made its all-time High on the 21st week.
To arrive back to the same point of 4002 (not yet arrived) it is taking more than 25 weeks ( We have already completed 25 weeks)
So, Can I take this as a proof of Long Term markets are Bullish.
Or can I take it as , " it is just the beginning of the fall - it is NOT right to compare with Euphoric stage of Bull market " and assume that MORE SHARPER FALL is due ???
Questions and Questions ???
Happy Trading friends
with Love & Regards,
Vetrivel   |
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rocky5iitr
White Belt
Joined: 15 Jan 2007
Posts: 15
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| Post: #2 Posted: Mon Jun 30, 2008 4:26 am Post subject: 4002-high-4002 |
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| the rally which you are mentioning is a part of larger cycle which began 57 months ago.The correction which you are witnessing is of that 57 months old cycle and not of 4002-all time high level small cycle,so its bound to take more time and still has to cover some distance before a balance emerges. |
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marthandan
White Belt
Joined: 14 Jan 2007
Posts: 26
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| Post: #3 Posted: Mon Jun 30, 2008 8:06 am Post subject: |
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| Will the bottom be 2003 level sir? |
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