I said about this down trend months ago. Can u remember

I have to remind my old post again.
Today ASI touched a strong support line . It may bounce back tomorrow and we may see a green market tomorrow. If the support line broken (fails) tomorrow all will be in the ditch.

i suppose you are talking about 5800 level

http://forum.srilankaequity.com/t13044-market-at-6000-level#85324

Kumar wrote:If we are lucky the index can turn around before 5861, or we will end up today between 5820 and 5850. Good luck.

i expect Morning RED and Green later tomorrow.

I'm expecting the index will oscillate between 5830 and 5907. If the index break 5802 mark with a volume then we can see a blood bath.

Kumar wrote:I'm expecting the index will oscillate between 5830 and 5907. If the index break 5802 mark with a volume then we can see a blood bath.

What a foolish statement,soory to say like that,How on earth can you precisely say 5830,5907,5802,people guess barriers just like jokers.If i want i can say next support level 5850,after that i would say 5996,when market go up i can say barriers would be 6000,6154,6348...........................lol

sikka89 wrote:

Kumar wrote:I'm expecting the index will oscillate between 5830 and 5907. If the index break 5802 mark with a volume then we can see a blood bath.

What a foolish statement,soory to say like that,How on earth can you precisely say 5830,5907,5802,people guess barriers just like jokers.If i want i can say next support level 5850,after that i would say 5996,when market go up i can say barriers would be 6000,6154,6348...........................lol

If it is joke for you, then you can have a lol.
My calculation always have a base.
Accepting or not accepting left to you all.
Support level or resistance level should not be in round number.
Do some research in support and resistance level before starting to comment please.

When most are discussing about the negative technicals i want to highlight the positive fundamental side of the market.

PER <14X trailing and PER approx 10X forcasted 2012E

Many blue chips trading below 1oX and some close to 6X.

Economy to grow between 7-9% next year which is great.

Tourism is bound to increase next year with positive FDI expected into lands already granted to hotels and more projects to kick off. Also our Banks to borrow abroad.

Companies are growing rapidly with 30-40% growth. However this is expected to slow down next year a bit.

Cheers!

Lots of people make predictions. When they become true. They could say I said so. If they were wrong, they would stay silent. Nobody would dig out what people said in the past.
This is how astrologers work also. When predictions become true, everybody worships them. When not, astrologers stay silent, nobody notices.
That's how MW works. That's how some say 'brother, I told you to buy 3 days ago' if the market was going up after that they would say 'I told you so' if it didn't then stay silent.

Rapaport wrote:When most are discussing about the negative technicals i want to highlight the positive fundamental side of the market.

PER <14X trailing and PER approx 10X forcasted 2012E

Many blue chips trading below 1oX and some close to 6X.

Economy to grow between 7-9% next year which is great.

Tourism is bound to increase next year with positive FDI expected into lands already granted to hotels and more projects to kick off. Also our Banks to borrow abroad.

Companies are growing rapidly with 30-40% growth. However this is expected to slow down next year a bit.

Cheers!

Be careful with the PE ratios. And the most disturbing fact is that many company PE are distorted because they have sold assets in the last quarters so that their PE are ridiculously low. For example this quarter there is a diversified which sold their share of a company. With this their PE looks so cheap and will look cheap for the next several quarters. But it's not.

I think economy has been growing around 8% even some years in the war times. Check the historical figures.

When new hotels are built or direct foreign investments come in with newly established or unlisted companies they are all competing with the existing hotels and companies. Consider that.

Stockmate wrote:I have to remind my old post again.
Today ASI touched a strong support line . It may bounce back tomorrow and we may see a green market tomorrow. If the support line broken (fails) tomorrow all will be in the ditch.

Fantastic, I think you will become Very Rich Very Soon, or you have already. Congrats..........

Rapaport wrote:When most are discussing about the negative technicals i want to highlight the positive fundamental side of the market.

PER <14X trailing and PER approx 10X forcasted 2012E

Many blue chips trading below 1oX and some close to 6X.

Economy to grow between 7-9% next year which is great.

Tourism is bound to increase next year with positive FDI expected into lands already granted to hotels and more projects to kick off. Also our Banks to borrow abroad.

Companies are growing rapidly with 30-40% growth. However this is expected to slow down next year a bit.

Cheers!

although most companies are attractive at the moment, there is across the board selling. So this situation is nothing to do with earnings or PE.. simple truth is lack of funds and credit crunch..till some form of solution comes this condition will prevail .

Kumar wrote:

sikka89 wrote:

Kumar wrote:I'm expecting the index will oscillate between 5830 and 5907. If the index break 5802 mark with a volume then we can see a blood bath.

What a foolish statement,soory to say like that,How on earth can you precisely say 5830,5907,5802,people guess barriers just like jokers.If i want i can say next support level 5850,after that i would say 5996,when market go up i can say barriers would be 6000,6154,6348...........................lol

If it is joke for you, then you can have a lol.
My calculation always have a base.
Accepting or not accepting left to you all.
Support level or resistance level should not be in round number.
Do some research in support and resistance level before starting to comment please.

@ sikka89
R u accepting the fact?

insidertrader wrote:Lots of people make predictions. When they become true. They could say I said so. If they were wrong, they would stay silent. Nobody would dig out what people said in the past.
This is how astrologers work also. When predictions become true, everybody worships them. When not, astrologers stay silent, nobody notices.
That's how MW works. That's how some say 'brother, I told you to buy 3 days ago' if the market was going up after that they would say 'I told you so' if it didn't then stay silent.

You are correct.
No one can predict the market. It behaves on conditions prevail at a given point. Conditions change due to internal, external, natural, man made effects and also due to per-determined actions of individuals.
Not even technical analysts can predict anything. Even if you can read the minds of real big investors you cannot predict because they will change their decisions later.

What you do is say what you feel based on past experience. The result can go either way. when 100 people said 100 things always few become true. They shout and others sleep.

IF you can predict the market you will become the richest man on this Earth.

Can anybody tell me what will be the price of REEF-N in one month time . ?
No one . It could be 22 or 75.

BUT, we can see the direction of an economy and draw a picture of its possible positions in 2 - 3 years. That also depend on future conditions which we cannot see.

Stockmate wrote:I have to remind my old post again.
Today ASI touched a strong support line . It may bounce back tomorrow and we may see a green market tomorrow. If the support line broken (fails) tomorrow all will be in the ditch.

I just saw a post by Kumar in which he has asked another forum member to accept that he was right in predicting the fall.

I heard from a very reliable source that the Milanka which went below 5% did so via an error trade. Apparently someone sold 1,000 DIST @ 100/- (40% below market) and therefore which caused the index suddenly dip below 5%.

Come on man, don't tell me you saw that coming....

I personally don't believe in technicals (since I can't fully understand them), but just a piece of advice on those who said I told you so... It's not very polite to gloat at others in a public forum...

Cheers.

LongTerm wrote:

Stockmate wrote:I have to remind my old post again.
Today ASI touched a strong support line . It may bounce back tomorrow and we may see a green market tomorrow. If the support line broken (fails) tomorrow all will be in the ditch.

I just saw a post by Kumar in which he has asked another forum member to accept that he was right in predicting the fall.

I heard from a very reliable source that the Milanka which went below 5% did so via an error trade. Apparently someone sold 1,000 DIST @ 100/- (40% below market) and therefore which caused the index suddenly dip below 5%.

Come on man, don't tell me you saw that coming....

I personally don't believe in technicals (since I can't fully understand them), but just a piece of advice on those who said I told you so... It's not very polite to gloat at others in a public forum...

Cheers.

Understanding technical is no matter, if you spend some times. The story of technical is, it made out of so many assumptions. Normally researchers need to get publication. So they have to find something to publish for which they assume something and get published. Unfortunately some of us tried to hardly follow it. It may work during bullish for short timing. Assumption only contain probability factor. That probability will vary with so many variables..Absolutely waste of time..