The market will straddle these extremes. No prizes for guessing who is winning for now

In the previous issue, I had suggested that even as the media kept painting a rosy picture of various stimulus and bailout packages, fresh weakness has resurfaced. I wrote, “Below 9,300, the fall will accelerate and below 8,600, expect a crash, which will surprise everyone. After all, every prediction I...

The end of a big bear market does not mean the beginning of a big bull market

In the previous issue, I had suggested that “the market has been rising quite weakly which is what happens when the market is trying to come back after a vicious decline.” The rally remained weak for one more week after my piece was written and then started to give up the gains made since the end of November. Over...

Can you be a bull by looking at the rear-view mirror?

In the previous issue, I had suggested: “If the Sensex does not go below 8,650, we will see the upmove continuing. The strength and duration will depend on whether it can go above 11,000 over the next six trading days.” We did see the market continuing to move up. After I wrote that piece, the Sensex dipped to 8,467 on 2nd December,...