Technical Trends: Market Outlook
The fall in the market that we had been forecasting for the past several months has not happened. Indeed, the market has risen. Since the week ended 13 March 2009, when the Sensex was at 8,756, the index rose for a straight 14 weeks to make a high of 15,237 in mid-June. This near-vertical rise led us to believe that a decline was imminent, since it is our belief that the first rally after a...
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