Just about everyone i know except me. is mega bearish
Of course my justification for bullishness is
a) dream
b) fibonacci
on fundas we are 'fairly valued'
means up 10% is just as likely as down 10%
up 4200+420 or 4200-420
But here is the thing
w3 is built on fundas!!
W5s are not about fundas
they are about speculation!!!!!
w5 is about p.e.g of 1.6 :)
lets say nifty p.e target of 26-32 if we really want to set ourselves up for a crash.
After that you can crash , 50% retracement OF FULL MOVE FROM LOW TO HIGH
Target p.e of 15-16 once again
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