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Why are the Bulls not dead yet !? 
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Far from it they are on rampage since late March.
So why then are the markets worldwide climbing the tall wall of worries? News is bad, then why?
Far from it they are on rampage since late March.
So why then are the markets worldwide climbing the tall wall of worries? News is bad, then why?
#Nifty fell 40% from life highs.
It has recovered 25% from March Lows.
By the way #Nifty would need to gain 67% just to get back where it was before it tumbled 40%.
It has recovered 25% from March Lows.
By the way #Nifty would need to gain 67% just to get back where it was before it tumbled 40%.
One thing I have learnt the hard way is never to fight the tape. Objective is to make money and that is only possible by being on the right side of the markets.
Major tops are formed on extreme euphoria and good news. Similarly Major bottoms are formed on extreme pessimism and bad news. So have we formed a bottom? I don’t know. Nobody knows.Only time will tell. We can either retest the March lows or make new lows or just keep heading up!
Haven’t the market rebound too far too fast? Isn’t it a bull trap? Again only time would tell.
It’s easy to be pessimistic and bearish in current market conditions. Pandemic, Disease, Deaths, Unemployment’s, Job losses, Business closure, Bailouts, Slowdown, etc.
It’s easy to be pessimistic and bearish in current market conditions. Pandemic, Disease, Deaths, Unemployment’s, Job losses, Business closure, Bailouts, Slowdown, etc.
Lot& #39;s of uncertainty on when things would be normal, or what would be the new normal.
But always bear in mind, market is never in sync with the prevailing conditions. Its looking ahead and discounting in advance. So why is it ignoring the obvious grim reality ahead?
But always bear in mind, market is never in sync with the prevailing conditions. Its looking ahead and discounting in advance. So why is it ignoring the obvious grim reality ahead?
Is it possible that collective market wisdom is seeing some positive light amongst the dark clouds of worries?
Also market never obliges when there is consensus. Everybody is ready for market to fall, people have liquidated and most are short.
Also market never obliges when there is consensus. Everybody is ready for market to fall, people have liquidated and most are short.
First the weak bears late to party would be squeezed out before market falls again. Or it may just keep rising!
I had anticipated and alerted about the probable big bounce coming in early March. What next?
I don’t really know how markets would behave in next few weeks.
I had anticipated and alerted about the probable big bounce coming in early March. What next?
I don’t really know how markets would behave in next few weeks.
Technically we are at cross roads and need to wait out for market to reveal its hand. Charts then would reveal the probable next move. I would keep you all posted, stay safe. https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍🏼" title="Thumbs up (medium light skin tone)" aria-label="Emoji: Thumbs up (medium light skin tone)">
