ALERT

HERE U CAN SEE ALERT WHICH WAS SENT IN DEC 2007 BEFORE WE MADE A TOP AT 21206. JUST TRY TO COMPARE CURRENT  SITUATION WITH THAT . NO OF PARAMETERS DICUSSED AT THAT TIME R PRESENT NOW. OF COURSE WE WERE TRADING AT A VERY HIGH PE OF AROUND 28 IN THAT EUPHORIC PERIOD WHICH COMES ONCE IN A VERY LONG TIME FRAME LIKE 8 YRS.WE ARE TRADING AROUND PE OF 21+ AND WE NORMALLY TOP OUT AT PE OF 22.

 

HERE ALSO I WILL LIKE TO SAY THAT THIS IS NOT A SHORTING CALL BUT TO JUST REMIND TO GENEARTE CASH. BUYING CALLS WILL COME FROM ALL DIRECTIONS.

BE CAUTIOUS AND FOLLOW STRICT STOP LOSSES.

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---------- Forwarded message ----------
From: pankaj564

Date: Dec 14 2007, 10:54 pm
Subject: ALERT : MKT MAY TOP OUT IN FEW WEEKS
To: investmentsupergrowth

market has formed last bottom in june 2006 at 8800. we r in 19 th
month from that bottom.february will be 21 st month (fibo no) from
bottom,so monthly trend may become down from there. so i expect
january may see a top.
last time in may 2006 we saw a top at 12671 and in june 2006 bottom of
8800 was sen . good erosion in prices was seen.
at present we can see no of parametrs which can indicate top coming
soon.
* mid cap and small cap out performance
* decrease in large cap turn over and increase in mid/small cap turn
over
* buying circuits in no of small cap stocks
* -ve divergence on charts
* valuations
* up move of laggard sectors
* up move of defensive stocks

so i expect december to end with bullish note with nav lifting moves
and by mid jan new top formation , bearish period may prevail in feb/
mar and april.

buying calls r given but finally net cash generation is must and
disinvestment of medium term investment is must to take advantage of
correction.

members may share their views.this is a probability not a shorting
call.

PankajShah

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