Aug 24, 2015

A Day in the Life of Bear

Frankly speaking I wasn't expecting a fall of such huge Magnitude after the open - But as said Never Fight with the Market. Are we done with the lows - The answer always lies tomorrow .

May be today's low is the low  for time being or just a small jerk tomorrow. Regards me I have been a perennial bear as such but As of now what i think is the last capitulation phase for the start of a Great Rally.

For tomorrow and next expiry look for buying at every dip for targets of 8800+ very soon. Of course Rome was not built in a day - it will not bee a one day game the levels on upside are 7880 - 7920 - 8070 - 8225 - 8380 ( note it on paper ) . Higher targets later on -- But these are the levels that i am expecting by September end.

Have a Great Day ! ! !

2 comments:

  1. @PT Sir,

    is it better to stay out till this expiry, as 4th and 5th sub wave(of big C) are still pending?? we can start accumulating after this week for 8800+ targets??

    Regards,

    ReplyDelete
  2. @Hardeep - These are the only times for we traders to make a fortune - Remain buy at every dip Targets as such are 8800+ till september end / october mid

    ReplyDelete