yesterday risen too much

notme · 1 yesterday risen too much Tue Nov 29, 2011 7:32 pm

notme

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Yesterday both indexes risen too much(whatever the reason).we cant expect this kind of things everyday. it must come to the normal up and down trend.Otherwse another sudden change might hurt investors again as we already experienced.I think today is not bad.Guys are collecting shares being expecting a good news in near future.

Roboticfx · 2 Re: yesterday risen too much Tue Nov 29, 2011 7:37 pm

Roboticfx

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Still I cannot understand why 200 points up and again 200 points down suddenly. I will talk to my expert broker ayyia and post his valuable ideas when I got them.

sriranga · 3 Re: yesterday risen too much Tue Nov 29, 2011 7:50 pm

sriranga

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The market was due a rally.
Because ASPI had fallen six days in a row.
18/11/2011-------------6140.52
21/11/2011-------------6119.86
22/11/2011-------------6060.95
23/11/2011-------------6035.36
24/11/2011-------------5866.75
25/11/2011-------------5805.76
Equity markets usually never fall in a straight line.
After a long run of down days, those people who sold their stocks with profit earlier, get tempted to lock in some of their profits by buying stocks back.
Others who want to buy stocks see sharp falls and get tempted to “bargain hunt.” (Fundamental strong counter or Crap)
This inevitably produces quick, sharp rallies.
This one may last a day, a week, a month or more.
That doesn’t mean a thing about long-term trends.
Plus we know some of the talks were going around about credit facilities, price ban etc etc also tempted a short rally, which we were/are experiencing.
This is my opinion. May be I'm wrong.
Comments appreciated