Everything is fake

Stockmate wrote:Real run may start after the next blood bath (better to say blood flood)

Stockmate wrote:Compare the today's turnover with last previous days'. Yesterfday's high turn over was completely due to Dhammike Perara's transactions( about 2b). If the bull has really come as some of you want us to believe ,today's drop in turnover is abnormal. Today's turn over will be about 1/15 of yesterday's turnover. Great?
Appuhamy and others want us to believe that bull has come and buy. He even insult us for telling the truth. By Monday Appuhamy and the clan will learn a lesson hard way.

Real run may start after the next blood bath (better to say blood flood)

2011_NewComer wrote:

snandasiri wrote:
There are lot of problems with new system.Old GTC and GTD orders are vanished.So I think after fixing the problems, turnover may increase.

snandasiri - Yesterday they purged all the orders after 2.30, because of the upgrade. There was an announcement about it yesterday. May be you missed it.

Stockmate wrote:Compare the today's turnover with last previous days'. Yesterfday's high turn over was completely due to Dhammike Perara's transactions( about 2b). If the bull has really come as some of you want us to believe ,today's drop in turnover is abnormal. Today's turn over will be about 1/15 of yesterday's turnover. Great?
Appuhamy and others want us to believe that bull has come and buy. He even insult us for telling the truth. By Monday Appuhamy and the clan will learn a lesson hard way.

Real run may start after the next blood bath (better to say blood flood)

Rajaraam wrote:

Stockmate wrote:Compare the today's turnover with last previous days'. Yesterfday's high turn over was completely due to Dhammike Perara's transactions( about 2b). If the bull has really come as some of you want us to believe ,today's drop in turnover is abnormal. Today's turn over will be about 1/15 of yesterday's turnover. Great?
Appuhamy and others want us to believe that bull has come and buy. He even insult us for telling the truth. By Monday Appuhamy and the clan will learn a lesson hard way.

Real run may start after the next blood bath (better to say blood flood)

Dear stockmate,
When you posted this thread we requested you to give us your valuable views with charts so we could understand it nicely. But may be due to your busy shedule you could have not been able to give what we asked for. Anyway I thank you for your analysis already posted.
Rs. Mn.
However as you predicted last week your blood flood didn't come. You said feb. 24 th turnover was very thin and that is abnomal . You have taken that point to support your blood bath prediction. But after that what happend? 28th turnover Rs. mn 5859,29th Rs. Mn. 1679,March 1st Rs.n.2596 and again yesterday only Rs.Mn. 403. Even in the best time like 2011 march there were 4 consecutive days that Turnover was very low compared to other days.
2011 March 12 = Rs Mn. 951
2011 March 11= Rs. Mn. 945
2011 March 15= Rs. Mn. 1290
2011 March 16= Rs. Mn. 903

All other market days turnover was nearly Rs.2 bn or mostly aboveRs. 2 bn. That is the nature of stock marketss. We cant expect higher turnover everyday. But if we look at the average daily turnover compared to Dec. 2011 it is now tremendouesly increasing.Pl. see following figures;

2011 oct. = Rs. Mn. 1328
2011 Nov. =Rs. Mn. 1033
2011 Dec. =Rs. Mn. 853
2012 jan. =Rs. Mn. 909
2012 feb. =Rs. Mn. 1636

During Feb. 2012 foreign buy value also has increased rapidly and in Feb. along net inflow is more than Rs. 2.2 Bn

May be I am wrong. But when consider above figures what we could say ? Market is improving or not? I guesss that You also didnt expect this much and that is why your prediction(last week) went wrong. Can u give us your analysis suporting with technical data and charts pl.

Stockmate wrote:Rajaraam
But my stand is still the same. Few crossings changed the situation postponing the blood bath. Foreign buying increased as rupee depreciated to unexpected levels. Foreigners made use of the opportunity.
Unexpected turning at any moment. Then read my post again.
Beware guys.

Rajaraam wrote:

Stockmate wrote:Rajaraam
But my stand is still the same. Few crossings changed the situation postponing the blood bath. Foreign buying increased as rupee depreciated to unexpected levels. Foreigners made use of the opportunity.
Unexpected turning at any moment. Then read my post again.
Beware guys.

In one post you mentioned that 3500 is also posible. On what basis you do such prediction. Or otherwise was that a general statement without a base. Good if you clarify. Otherwise some ppl may take this point serious.

raa wrote:To support what stockmate says, lets not compare turnover as that is significantly boosted by big deals and crossings. I feel a better indicator in this situation may be the daily number of trades.

I dont have the figures but i can bet that they are significantly lower than any point in 2011 even the last few months. Lots of ppl have got burnt and have left the market, others wont get in and the rest will hold on to what they already hold.

I do not feel that this market will fall below 5000 level still whether or not it deserves to go there. The last time in 2010 when the market was at 5000, there were fewer companies than there were now which affects the rate of increase or decrease which is not reflected by any technical analysis. Basically it should reduce the gap between the support and resistance levels derived from technical analysis