Hello Again,
I hope all you've gone through my previous posts.
Sometimes I'm also reading them again...
What is happening in CSE right now....
Technical Analysis for me....
Most of the points have become a reality...
As I pointed out, most of us forget about fundamentals, ran behind fake rallies & trapped. People misused TA findings to dump their quantities to innocent buyers under the prevailing negative conditions. Really good chart patterns turned back to the negative territories...
I'm not pointing my finger towards any one, I believe that "The market is always correct" as a true technical analyst.
Furthermore, I expect some more short term rallies in coming months too.
We cannot expect continuous & consistent bull runs in the market. We had a market crash in 2008. I'd rather say this is not a crash, but it's a short term correction. But honestly I don't have any idea about the time frame. Think about the opportunities which are about to come.
"We'll have a better tomorrow for sure"
Remember "Always there is a silver line in every dark cloud."
So there's no any need to be frustrated & run away from the market.
I'm not leaving the market at any cost.
I'm really happy that charts do work in every bull, bear or sideways market. But always we have to wait till a "positive confirmation"