Start of a bull run?

Rizmi · 1 Start of a bull run? Wed Jun 13, 2012 8:06 pm

Rizmi

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Hi Friends,
Is this a start of a bull run..
Most of the counters were GREEN..
My loss is reducing Smile

Please share your views..
Tks

Antonym · 2 Re: Start of a bull run? Wed Jun 13, 2012 8:24 pm

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I'm still waiting for 4725 to be tested again. If that level holds, it would be the second part of the 'double bottom pattern' - one of the most reliable indicators of a market bottom...

Trend · 3 Re: Start of a bull run? Wed Jun 13, 2012 8:33 pm

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4725 tested meaning market coming down close to that level and recovering? Or staying above that level for a while?

anubis · 4 Re: Start of a bull run? Wed Jun 13, 2012 8:35 pm

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Yup, I also have the same question... how long will it take to test the 4725 level? is it possible that it will never be touched again? scratch

Cheers!

Whitebull · 5 Re: Start of a bull run? Wed Jun 13, 2012 8:46 pm

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Antonym wrote:I'm still waiting for 4725 to be tested again. If that level holds, it would be the second part of the 'double bottom pattern' - one of the most reliable indicators of a market bottom...

Holding at 4725 does not complete the double bottom pattern.Then it has to break the prior resistance level also with supportive evidence of volume.If that resistance is not broken then market can go sideway.

Another thing which worries me is duration for this pattern formation.This may be too short.It is said longer the duration the pattern is more reliable.

Antonym · 6 Re: Start of a bull run? Wed Jun 13, 2012 8:57 pm

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Trend wrote:4725 tested meaning market coming down close to that level and recovering? Or staying above that level for a while?

That's the big question...
If that support level holds, that's the bottom.
If the index crashes through that level, that's bad news...

anubis wrote:Yup, I also have the same question... how long will it take to test the 4725 level? is it possible that it will never be touched again?

All this is mere hypothesis... If I had answers to questions like that, I would not be sitting here right now. Very Happy

It is certainly possible that 4725 will never be touched again, but I don't know for sure.
Whitebull's comments are also very relevant...
There are too many IFs and BUTs, but that's the way the market is - Unpredictable.

traderathome · 7 Re: Start of a bull run? Wed Jun 13, 2012 9:53 pm

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Rizmi wrote:Hi Friends,
Is this a start of a bull run..
Most of the counters were GREEN..
My loss is reducing
Please share your views..
Tks

wait for few days we should see some action after greece go to vote in 4 days.when the results are out....cat too will be out of the bag Surprised

opfdo · 8 Re: Start of a bull run? Wed Jun 13, 2012 9:57 pm

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this is not predictable, technical or fundamental analysis not drive the markt. We need more buying..... & Confidence.

traderathome · 9 Re: Start of a bull run? Wed Jun 13, 2012 10:15 pm

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osmand wrote:this is not predictable, technical or fundamental analysis not drive the markt. We need more buying..... & Confidence.

bro it has to be either fundamentals or technical or mixture of both to drive the market either way.......only gamblers will avoid these 2 Very Happy

GL with your trades farao

hariesha · 10 Re: Start of a bull run? Wed Jun 13, 2012 10:23 pm

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Market was stagnant for couple of days. Today in the morning I expect market to come down. The reason was remaining force selling and profit taking. Even I was in the selling side, yesterday and today.

But market absorbed the selling very encouragingly though in small quantities. If the market can absorb the profit bookings it will create an uptrend. During last few days market absorbed about two profit cycles. Hope this will continue. Best thing is to take short positions in trading portfolios while holding and collecting good shares into investment portfolios.

Normally I am not following TA. In this market I feel TA is bit late. TA is good in highly liquid market. What we have now is less selling other than forced ones. Always selling side is weak in order books.

Hope June will be an eventful month.

traderathome · 11 Re: Start of a bull run? Wed Jun 13, 2012 10:27 pm

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hariesha wrote:Market was stagnant for couple of days. Today in the morning I expect market to come down. The reason was remaining force selling and profit taking. Even I was in the selling side, yesterday and today.

But market absorbed the selling very encouragingly though in small quantities. If the market can absorb the profit bookings it will create an uptrend. During last few days market absorbed about two profit cycles. Hope this will continue. Best thing is to take short positions in trading portfolios while holding and collecting good shares into investment portfolios.

Normally I am not following TA. In this market I feel TA is bit late. TA is good in highly liquid market. What we have now is less selling other than forced ones. Always selling side is weak in order books.

Hope June will be an eventful month.

lets hope hari....... pirat

i have to agree with 2 paras on top, but neutral on 3rd Neutral

hariesha · 12 Re: Start of a bull run? Wed Jun 13, 2012 10:33 pm

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osmand wrote:this is not predictable, technical or fundamental analysis not drive the markt. We need more buying..... & Confidence.

True. This is what market lacks at the moment. CONFIDENCE. Valuations are attractive.

CONFIDENCE -----> trigger MORE BUYING

MORE BUYING -----> trigger TA signals

TA SIGNALS ------> trigger 2nd buying wave

jaya · 13 Re: Start of a bull run? Wed Jun 13, 2012 11:21 pm

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when looking at the trade volume seem to be no selling presure or force selling. there are enough holding powers visible but need to be developed investor confidence for the bull run. lets see next week how economic and polictical situations are developed.

anubis · 14 Re: Start of a bull run? Thu Jun 14, 2012 1:52 pm

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A bull run will be confirmed when a swarm of promoters start making posts... Wink

Cheers!

Slstock · 15 Re: Start of a bull run? Thu Jun 14, 2012 1:59 pm

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anubis wrote:A bull run will be confirmed when a swarm of promoters start making posts...

Cheers!

AS I always said this forum is a small representation of CSE. YEs, if more and more people start coming and promotions with positve comments keep coming it is certainly a positive signal. If so Moderator team can get ready :-)

Malika1990 · 16 Re: Start of a bull run? Thu Jun 14, 2012 2:06 pm

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What is going on?
Do you see blue x clearing
What is the reason for sudden up trend
is this for new index introduction

Redbulls · 17 Re: Start of a bull run? Thu Jun 14, 2012 2:11 pm

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If we notice carefully penny stocks transact volume are flying.
This resembles something we experienced recent past no?

May be another bear rally?

econ · 18 Re: Start of a bull run? Thu Jun 14, 2012 5:41 pm

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we need more more bulls to get reduce our massive unrealised losses.

anjelo · 19 Re: Start of a bull run? Fri Jun 15, 2012 8:40 am

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yes.bull run is the start of a big uptrend. if a bull run starts this week.market will just just just pass 6000 around to 6200 and come down at 6000 and stay for a while and then it is up to the big players to take it up or down. if no one interferes then the market will again panic. and sell fast in hopes of buying low.

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Latest topics

Start of a bull run?

1 Start of a bull run? Wed Jun 13, 2012 8:06 pm

Rizmi

2 Re: Start of a bull run? Wed Jun 13, 2012 8:24 pm

Antonym

3 Re: Start of a bull run? Wed Jun 13, 2012 8:33 pm

Trend

4 Re: Start of a bull run? Wed Jun 13, 2012 8:35 pm

anubis

5 Re: Start of a bull run? Wed Jun 13, 2012 8:46 pm

Whitebull

6 Re: Start of a bull run? Wed Jun 13, 2012 8:57 pm

Antonym

7 Re: Start of a bull run? Wed Jun 13, 2012 9:53 pm

traderathome

8 Re: Start of a bull run? Wed Jun 13, 2012 9:57 pm

opfdo

9 Re: Start of a bull run? Wed Jun 13, 2012 10:15 pm

traderathome

10 Re: Start of a bull run? Wed Jun 13, 2012 10:23 pm

hariesha

11 Re: Start of a bull run? Wed Jun 13, 2012 10:27 pm

traderathome

12 Re: Start of a bull run? Wed Jun 13, 2012 10:33 pm

hariesha

13 Re: Start of a bull run? Wed Jun 13, 2012 11:21 pm

jaya

14 Re: Start of a bull run? Thu Jun 14, 2012 1:52 pm

anubis

15 Re: Start of a bull run? Thu Jun 14, 2012 1:59 pm

Slstock

16 Re: Start of a bull run? Thu Jun 14, 2012 2:06 pm

Malika1990

17 Re: Start of a bull run? Thu Jun 14, 2012 2:11 pm

Redbulls

18 Re: Start of a bull run? Thu Jun 14, 2012 5:41 pm

econ

19 Re: Start of a bull run? Fri Jun 15, 2012 8:40 am

anjelo

20 Re: Start of a bull run?

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