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Dear Investor,
I maintained period of silence for quite some now. There was nothing much happening in the market neither was it convincing action.
Today I found a article that tells the story of other side of the trade
http://www.bloomberg.com/apps/news?pid=20601010&sid=aMbfBKW.uKn4
This post is not to get you to act on any trade but to have understanding the other side of the trade.
Overall market is flat. Bulling trends are not strong. Earnings season just over. Unprecedented gains in one year. Thousands waiting to push money at any first sign of correction. I guess, we have all the ingredients to be outside and watch the next move.
Markets don't go in one direction. They go up and down. We have been up for long long time so a small downside move should not be a problem. It will get the weak out and form a great foundation for next rally.
Next buy point is at 4700 or best at 4500. I am not suggesting that this kind of correction will happen but if it happens that will be best of us.
Thanks
Anil
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