Are the Bulls Back? : Are the Bulls Back? "If you stay half-alert, you can pick the spectacular performers right from your place of business or out of the neighborhood shopping mall, and long before Wall Street discovers them.“ – Peter Lynch www.wealthbull.com
Slide 2 : The market has crashed about 60% from its intra-day peak of 21,206.77 points on 10 January 2008.
Many stocks are down by more than 70%. Some are lower by 90% and more. The market carnage is across the sectors in varying scale. SENSEX bear market rallies
23.3% gain from July 15 to Aug 11
18.6% gain from March 17 to May 2. www.wealthbull.com
Dow Theory – Primary Trends : Dow Theory – Primary Trends Upward
Accumulation
Public participation
Excess
Downward
Distribution
Public participation
Panic www.wealthbull.com
Slide 4 : US Bear Market Rallies
The Dow lost 89% from September 1929 to July 1932, however it was anything but a straight line.There were five separate rallies of 23% or more
When the Nasdaq dropped 78% in the early part of this decade, there were four separate rallies of 24% or more. Three of the rallies were over 35%. www.wealthbull.com
Is this the right time to enter the market? : Is this the right time to enter the market? Examining the market fundamentally www.wealthbull.com
Lets Examine More! : Lets Examine More! www.wealthbull.com
Conclusion : Conclusion Fundamentally speaking the market is still overvalued
Technically the market is yet to find the panic bottom
Lets keep our fingers crossed and wait for the opportunity www.wealthbull.com