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The End Is Near. |
shareking
White Belt
Joined: 26 Apr 2008
Posts: 19
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Post: #1  Posted: Fri Jul 04, 2008 8:33 pm Post subject: The End Is Near. |
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| HI friends i think the long term down trend is going towards its conlusion.i say this because there is a huge increase in volume is a no. of shares for eg see the chart of ansalinfra amtek bajaj federalbank indianhotel etc i have attached the chart of ansalinfra. |
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rocky5iitr
White Belt
Joined: 15 Jan 2007
Posts: 15
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| Post: #2 Posted: Fri Jul 04, 2008 9:53 pm Post subject: downtrend |
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| i dont think stocks declining over a period of 6 months can be termed a s long term downtrend. |
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shareking
White Belt
Joined: 26 Apr 2008
Posts: 19
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| Post: #3 Posted: Sat Jul 05, 2008 4:55 am Post subject: |
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Dear Rocky
The prices have declined to their year lows for most of the stocks.There is no stamina left in the stocks to declinine any more.The minimum duration of a major trend is 6 months.Further many companies have decided to buy back.If you see closely you may suspect a probaility of head and shoulder bottom in many companies.All these factors support my anticipation.Again no one can predict 100 percent correct.Time will decide.Anyway, thank you for ur comment.
Best regards
sk |
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