The short bull market cycle is 4-5 years.
The long bull market cycle is 10 years... What kind of bull market are we in?
I favour a decade long bull market but there will surely be some corrections on the way.
Shorter bull cycles last 8-12 months, if we count this bottom at 3/9/2007
add 8 months u get 11/9/2007
additional care needs to be exercised by investors
@
4/30/2003+ 4 years/5 years
and 10/31/2002+ 4/5 years.. I have got a tentative date for an intermediate top near the end of this year in october or november.
All cycle dates count as important points for future tops and bottoms.
So watch these dates carefully
Keep in mind: Bull markets don't top at a p.e of 20 times for the main index.....
Remember cycle inversion principles as well.
Minor tops maybe.
We will test 4900/5600/6000 nifty or as high as sensex 18k-20k by the end of this year.
Stock picks for last corrective?
mcdowell/patni/relcap/rcom???
rcom buy area 480.. now 516?? how much is that? :)
risk of 10 pts?? sl below 470? obviously entry 480 would have been tough maybe 485-490 if u got in late.
Look at those picks now
tcs is a delivery pick and is still hoving around the 1230 area
breakout should occur by the 13th of june.
I guess the market is trying to adopt mostly a wait and watch policy with respect to the large cap techs.
Patni looks like its in a much stronger position due to breakout from tripple top @ 512
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment