2006-11-29 00:51:54 · 3 answers · asked by niyambhasin 2 in Business & Finance ➔ Investing
Probably. Let's, from late 2001 go now (about 5 year), the Sensex grew from about 2600 to 13,616 - 11,016 points. The Dow 30 took 18 years to grow 11,000 points. When markets have spectacular run ups like that, the corrections are just as spectacular. Read about the U.S. stock market crash of 1929. Get the book "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay. No market can keep such a pace. At that pace the Sensex should be at 71,211 by 2011 and 372,437 by 2016. Does that sound normal to you?
I believe the Sensex will have to correct. When and by how much is anyones guess, but I believe the crash will be as spectacular as the run up over the past 5 years.
2006-11-29 05:32:14 · answer #1 · answered by 4XTrader 5 · 0⤊ 0⤋
Try china or japan
2006-11-29 00:59:16 · answer #2 · answered by catworkbefoul 3 · 0⤊ 0⤋
astrologically it is bull run till 2014
follow stop loss
trend on stockcharts.com
2006-11-29 17:26:04 · answer #3 · answered by dinu_pawar 5 · 0⤊ 0⤋