Current market condition

gann · 51 Re: Current market condition Mon Oct 22, 2012 4:37 pm

gann

Senior Manager - Equity Analytics

Posts : 425
Join date : 2011-01-27

smallville wrote:Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

+-5400 is the next support. Market looked very weak today. But Jkh was holding its ground. We will have to wait and see. Still no trading setup on the horizon.

Whitebull · 52 Re: Current market condition Mon Oct 22, 2012 5:02 pm

Whitebull

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smallville wrote:Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

Fib On Achchi Laughing

http://forum.srilankaequity.com/t23948-fib-on-achchi#143234

smallville · 53 Re: Current market condition Mon Oct 22, 2012 10:20 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Join date : 2011-02-03

Whitebull wrote:

smallville wrote:Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

Fib On Achchi

http://forum.srilankaequity.com/t23948-fib-on-achchi#143234

That's one good thread after sometime tongue

StockGuru · 54 Re: Current market condition Tue Oct 23, 2012 2:53 am

StockGuru

Senior Manager - Equity Analytics

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gann wrote:

smallville wrote:Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

+-5400 is the next support. Market looked very weak today. But Jkh was holding its ground. We will have to wait and see. Still no trading setup on the horizon.

What will happen to market? So sad!

gann · 55 Re: Current market condition Tue Oct 23, 2012 9:37 am

gann

Senior Manager - Equity Analytics

Posts : 425
Join date : 2011-01-27

StockGuru wrote:What will happen to market? So sad!

Why sad? This is how markets operate. You become sad when your expectations are not inline with the market dynamics(reality). Nothing to do with the market. Market is always perfect. Its doing its numbers. You wait for a trend to establish and trade in that direction.

Ben Graham · 56 Re: Current market condition Tue Oct 23, 2012 11:16 pm

Ben Graham

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I think its time for the market to move up in the short term run(coming days. ok. which might ultimately lead to medium term run Laughing

. I am serious but got to make myself move along with the index and stocks. time changes most of the things ne). tomo if CSE goes up, might have a resis around 5584-5595. Evil or Very Mad