IS IT THE RIGHT TIME TO START COLLECTING ?? - NO

SmartMoney wrote:*My answer is NO .

*Market has been coming down for some time now & it is expected to go down for about 1-2 weeks or so.

*I think ASI would touch around 6600 - 6800 range at the end of this month and then turn around slowly and have a major bull run .

*What we can see today, I would say the complete opposite of the panic seller situation .

*Today the indexes were pushed up by the panic buyers who were motivated by the artificial green lights shown yesterday .

*ASI & MPI may go up tomorrow as well, but I think from next Monday it would return to normal pattern and continue for a short while .

*Probably the
-week starting 21st would be a red week .
-the week starting 28th things would start to turn around and I think it's the best time to start collecting.
-from 4th April onwards we can expect a major bull run which would continue at least for about 2-3 weeks.

*The best thing to do now is ,
- sell off the stocks you expect to go down in coming days.
- collect some funds .
- spot the fundamentally sound shares with high potential to go up .
- spot emerging stars & companies which have produced an impressive quarterly/annual report .
- spot the shares which have come down by significant value/percentage during past few weeks .
- be ready to buy them as soon as bear takes a rest , hopefully the bear will be tired at the end of this month .

*Anyway this is my point of view & you all are welcome to share what you think about this .

PS : I know people who bought today won't like my post & contribute with negative rep. & comments, that's totally okay, It may turn out that they were correct and I am totally wrong .

SmartMoney wrote:*My answer is NO .

*Market has been coming down for some time now & it is expected to go down for about 1-2 weeks or so.

*I think ASI would touch around 6600 - 6800 range at the end of this month and then turn around slowly and have a major bull run .

*What we can see today, I would say the complete opposite of the panic seller situation .

*Today the indexes were pushed up by the panic buyers who were motivated by the artificial green lights shown yesterday .

*ASI & MPI may go up tomorrow as well, but I think from next Monday it would return to normal pattern and continue for a short while .

*Probably the
-week starting 21st would be a red week .
-the week starting 28th things would start to turn around and I think it's the best time to start collecting.
-from 4th April onwards we can expect a major bull run which would continue at least for about 2-3 weeks.

*The best thing to do now is ,
- sell off the stocks you expect to go down in coming days.
- collect some funds .
- spot the fundamentally sound shares with high potential to go up .
- spot emerging stars & companies which have produced an impressive quarterly/annual report .
- spot the shares which have come down by significant value/percentage during past few weeks .
- be ready to buy them as soon as bear takes a rest , hopefully the bear will be tired at the end of this month .

*Anyway this is my point of view & you all are welcome to share what you think about this .

PS : I know people who bought today won't like my post & contribute with negative rep. & comments, that's totally okay, It may turn out that they were correct and I am totally wrong .

kuk83 wrote:

SmartMoney wrote:*My answer is NO .

*Market has been coming down for some time now & it is expected to go down for about 1-2 weeks or so.

*I think ASI would touch around 6600 - 6800 range at the end of this month and then turn around slowly and have a major bull run .

*What we can see today, I would say the complete opposite of the panic seller situation .

*Today the indexes were pushed up by the panic buyers who were motivated by the artificial green lights shown yesterday .

Look like it is returnig to previous levels. Some fundementally good shares needs to return to stable levels. there is more room to improve.

*ASI & MPI may go up tomorrow as well, but I think from next Monday it would return to normal pattern and continue for a short while .

*Probably the
-week starting 21st would be a red week .
-the week starting 28th things would start to turn around and I think it's the best time to start collecting.
-from 4th April onwards we can expect a major bull run which would continue at least for about 2-3 weeks.

*The best thing to do now is ,
- sell off the stocks you expect to go down in coming days.
- collect some funds .
- spot the fundamentally sound shares with high potential to go up .
- spot emerging stars & companies which have produced an impressive quarterly/annual report .
- spot the shares which have come down by significant value/percentage during past few weeks .
- be ready to buy them as soon as bear takes a rest , hopefully the bear will be tired at the end of this month .

*Anyway this is my point of view & you all are welcome to share what you think about this .

PS : I know people who bought today won't like my post & contribute with negative rep. & comments, that's totally okay, It may turn out that they were correct and I am totally wrong .

I believe MKT has already turn.There is some possibility to turn again to red in next week.But i dont think it ll go down bellow previous low(early this week) level.So i think selling @ this level and buy again is not a good decision.(this is my personal view)who knows exactly..???

SmartMoney wrote:*My answer is NO .

*Market has been coming down for some time now & it is expected to go down for about 1-2 weeks or so.

*I think ASI would touch around 6600 - 6800 range at the end of this month and then turn around slowly and have a major bull run .

*What we can see today, I would say the complete opposite of the panic seller situation .

*Today the indexes were pushed up by the panic buyers who were motivated by the artificial green lights shown yesterday .

*ASI & MPI may go up tomorrow as well, but I think from next Monday it would return to normal pattern and continue for a short while .

*Probably the
-week starting 21st would be a red week .
-the week starting 28th things would start to turn around and I think it's the best time to start collecting.
-from 4th April onwards we can expect a major bull run which would continue at least for about 2-3 weeks.

*The best thing to do now is ,
- sell off the stocks you expect to go down in coming days.
- collect some funds .
- spot the fundamentally sound shares with high potential to go up .
- spot emerging stars & companies which have produced an impressive quarterly/annual report .
- spot the shares which have come down by significant value/percentage during past few weeks .
- be ready to buy them as soon as bear takes a rest , hopefully the bear will be tired at the end of this month .

*Anyway this is my point of view & you all are welcome to share what you think about this .

PS : I know people who bought today won't like my post & contribute with negative rep. & comments, that's totally okay, It may turn out that they were correct and I am totally wrong .

SmartMoney wrote:*My answer is NO .

*Market has been coming down for some time now & it is expected to go down for about 1-2 weeks or so.

*I think ASI would touch around 6600 - 6800 range at the end of this month and then turn around slowly and have a major bull run

*What we can see today, I would say the complete opposite of the panic seller situation.

*Today the indexes were pushed up by the panic buyers who were motivated by the artificial green lights shown yesterday.

*ASI & MPI may go up tomorrow as well, but I think from next Monday it would return to normal pattern and continue for a short while .

*Probably the
-week starting 21st would be a red week .
-the week starting 28th things would start to turn around and I think it's the best time to start collecting.
-from 4th April onwards we can expect a major bull run which would continue at least for about 2-3 weeks.

*The best thing to do now is ,
- sell off the stocks you expect to go down in coming days.
- collect some funds .
- spot the fundamentally sound shares with high potential to go up .
- spot emerging stars & companies which have produced an impressive quarterly/annual report .
- spot the shares which have come down by significant value/percentage during past few weeks .
- be ready to buy them as soon as bear takes a rest , hopefully the bear will be tired at the end of this month .

*Anyway this is my point of view & you all are welcome to share what you think about this .

PS : I know people who bought today won't like my post & contribute with negative rep. & comments, that's totally okay, It may turn out that they were correct and I am totally wrong .

nuwank wrote:No one can catch a bottom or the top of the market. You would not be able to predict these. The best thing to do is to start buying when the share is trading at a discount. And buy in smaller qty. If its a good company trading at reasonable price, in the long run you should make money regardless of these small downtrends. Holding power seems to be the key.

Antonym wrote:Over the next 2 trading weeks, assuming oil prices remain around $100 per barrel, I expect the ASI to be volatile with a downward bias.

There is a psychological support level at 7,000 and I hope it holds. If 7,000 is convincingly breached (for 2 or 3 successive days), however, we could see a steepish fall on low volumes. That would make prices attractive and selective buying support will emerge. I will be watching the strength of the psychological supports closely because there is probably a level that state investors would like to protect - and it might well be 7,000 or 6,500.

The above is just my personal view, based entirely on conjecture and guesswork.

chamith wrote:I believe its time to go for fishing little by little.
Just transfered some money to my broker...

What do you all think??