No support levels in CSE - Its market Monopoly

arrowms · 1 No support levels in CSE - Its market Monopoly Thu Nov 24, 2011 1:19 pm

arrowms

Manager - Equity Analytics

Posts : 180
Equity Stars : 5152
Reputation : 17
Join date : 2011-06-20

#When big guys step out, CSE goes down.
#No support level and other theories work.Analyse the market is a useless effort.
#CSE also trying to commit suicide.
#As investors its time to sideline and wait.
#How does market recover?? - New money should come in.
Am i correct? Please comment. Embarassed

pushpakumara · 2 Re: No support levels in CSE - Its market Monopoly Thu Nov 24, 2011 2:39 pm

pushpakumara

Senior Manager - Equity Analytics

Posts : 312
Equity Stars : 5302
Reputation : 8
Join date : 2011-04-13

What you have mentioned are true. This is not a retailer dominant market. It is only few big players who make merry in this market. They made subtle moves to eliminate retailers so that they can go berserk as they wish. The controlling body would have noticed this before it goes beyond their control. Instead they imposed Price bands, credit curtailments and other restrictions to the market and that too has made a big impact on retail investors. Now it is upto the very market regulator to bring this situation back to a position, to prevent repetion of this kind of situation in the future. This shows their incompetence and lack of capabilities of handling a stock market. When the market was up in 2009/2010 there was a big noice all around. We boasted too much. But these people are now silent. Retail investors see stars..

See the big orders placed at various support levels today. They take advantage of weaknesses of panick retail sellers.

What a situation! I wonder stock market depicts the whole picture of situation in Sri Lanka.? Are we boasting and spending too much unnecessarily? Power and money is the way of life in Sri Lanka? How about ordinary people who do not have either power or moeny? Are they too in the same plight as retail investors in CSE? Where are the true values we always talk about?...........