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NSE ASI, DOWN DOWN DOWN DOWN & DOWN5 Straight Downward rally was what the NSE ASI did this week loosing a total of 1.33%. So far the Bears has dropped 14 times in 16 trading days. In fact, the last time the market made such downward rally in a row was just before the crash in 2008. So, is the NSE ASI going down down and away from now on? Well, here's the problem... 5 and more down days are common in Bear markets. Such a sudden strength within a primary bear market is definitely going to run into profit taking and breakeven takers. Indeed, as I have mentioned before, the real test of integrity comes when the correction comes in within the 21,000 points range on or before.
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This commentary is not
a recommendation to buy or sell, but rather a guideline to
interpreting the specified indicators. This information should only
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