The story of the bear and bull for our market is as follows...After months of feeding on the bulls our Bear became old & lethargic at 2550 area..By then a new breed of young Bulls came to play..Despite of the chase the old Bears gave, the younger bulls just kept running away and when More Younger bulls joined them , the herd just ran harder from 2960 area..the poor old bear just gave up& faded away ..
Now these Bulls have been running for some time are getting tired & fat with profits and a new Breed of Bears is lurking around wanting to feed again sometime soon..3430-3500 zone has lots of walls which become difficult for the tired bulls to cross and they can become easy prey to the young energetic Bear..
Timing the cycle is the key to stock market success. enjoy the long weekend ..cheers.
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