Nine months ago we all were on top of this world, sadly, today we are in the pits with many a fortunes wiped out, many participants permanently dissipating in thin air. All efforts are being put today by Governments/authorities/funds/investors etc too , to stem this slide down , and maybe a temporary halt be in order in near future..that does not mean that the bear market has ended & a bull market is starting..Bear markets last anything from 18-34 months before resuming their onward journey up.All bear markets have very fast furious retracements , which should not be confused as bull market returns..these are trading bounces - range bound , and liquidations at top will surely take place,,before it resumes its southward journey for consolidation and spending the time to remove the excesses of the last 5 yrs bull run. So lets see how things unfold in the next few weeks , a rally sometime is due and will happens , from this level or lower, time will tell, but surely the rally will come, thats what stock markets are..
On a personal note, these last nine months have been a great learning journey as i think not only me but many people today would have never seen a bear market unfolding..most entered during the bull phase.Met & made quite a few friends all over this investing world, special mention of the forum called VFM Direct managed by a renowned Technical Analyst of india Kamlesh Langote.(link provided)...mostly simple nice people (well some ....really sad ones)..Special mention i want to do of my dear friend , KIRAN SHAH from PUNE, huge selfless contribultion he gave to all of us by digging into the INTERNET and giving us so many tools.hes our CAMARILLA MAN He shared with all of us anything he could lay his hands on and i could always get back to him for any help i needed in my reserch.Thnx kiran..Rounding off now by paying tributes to Gandhi ji, & with a strong belief of not loosing hope..JAI HIND.
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