i was feeling that we have made an intermediate top at 15600 and same day this highly bullish view was seen. to clear doubts i had discussed with him and he has gave very clear answer and it is line with our direction.i reproduce it ... pankaj564 said... in panic buying u had advised to wait for buying. u had shown rosy picture for long term.what is yr view for short term for taking buying decisions?when to buy?
June 16, 2009 7:56 PM sandipsabharwal said... I still believe that in the short run markets are heavily overbought and are building in excessive optimism and ignoring near term risks. As such the earlier view that i expressed about a correction being imminent still stands. The magnitude of the correction can be 15-20% fromt the top.
i was feeling that we have made an intermediate top at 15600 and same day this highly bullish view was seen. to clear doubts i had discussed with him and he has gave very clear answer and it is line with our direction.i reproduce it ...
ReplyDeletepankaj564 said...
in panic buying u had advised to wait for buying.
u had shown rosy picture for long term.what is yr view for short term for taking buying decisions?when to buy?
June 16, 2009 7:56 PM
sandipsabharwal said...
I still believe that in the short run markets are heavily overbought and are building in excessive optimism and ignoring near term risks. As such the earlier view that i expressed about a correction being imminent still stands.
The magnitude of the correction can be 15-20% fromt the top.
June 16, 2009 9:07 PM