Market to shed 200 more points

Marketinvest · 1 Market to shed 200 more points Sat Dec 01, 2012 12:14 pm

Marketinvest

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According to my broker (cannot mention name), the market is expected to come down by a Further 200. Guys what are ur thoughts

Slstock · 2 Re: Market to shed 200 more points Sat Dec 01, 2012 12:35 pm

Slstock

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Marketinvest wrote:According to my broker (cannot mention name), the market is expected to come down by a Further 200. Guys what are ur thoughts

1) considering the december dull period and if this downfall continues
2) the index does not hold around 5250 before a turnaround

Yes, ASI 5100 can happen . But I hope for atleast a small run ( this is a hope only) on market technicals. Some share prices are lowest this year now.

In any case I would not worry too much about index but concentrate on individual shares you are watching. SOme share prices might be bargains too much to drop a lot more

Hanoifortune · 3 Re: Market to shed 200 more points Sat Dec 01, 2012 4:09 pm

Hanoifortune

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Market has to come down to go up.If market shed another 200 points it will be the lowest ASI for last three months.Therefore, There will be a short run soon,if it can surpass 5964,There will be a hope.

ASI closed at 5180.15 on 8/30
ASI closed at 5351.25 on 11/30

There were 33 green days(1305.82 points) and 29 red days( 1134.72 points) during last three months.

Tiger · 4 Re: Market to shed 200 more points Tue Dec 04, 2012 1:34 am

Tiger

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Its difficult to make predictions, but market has the possibility to go lower than the previous low owing to deteriorated fundermentals, cracks may beginning to appear in Q3-Q4 financials.

Still there are attractive counters to invest.

At the moment I am collecting, but very very slowly.

Hanoifortune · 5 Re: Market to shed 200 more points Tue Dec 04, 2012 6:08 am

Hanoifortune

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Tiger wrote:Its difficult to make predictions, but market has the possibility to go lower than the previous low owing to deteriorated fundermentals, cracks may beginning to appear in Q3-Q4 financials.

Still there are attractive counters to invest.

At the moment I am collecting, but very very slowly.

companies also can manipulate the financials to show losses during bear market.