Feel the market!!

Global feeling has taken its hit on the stock market. Is this start of the downtrend? Is this the phase of consolidation ? No one knows.

But what one knows is "traders stay away from the market" and "investors don't touch the market when u don't what's next in the menu.."

BSE 30 was hit. 29 out of 30 in red. I fear what will be for tomorrow?

Guys if your stocks have got hit, there are two option short it or hold on becoz India's growth for future is positive.

TAs can not always be right. Everyone knows it. For few days we have been playing the time game.
I have heard a Suman, and many other TAs say that the market is in consolidation phase.
What we need is time. Don't look at the market for some time. Unless and until we don't see the conslidation we can not trade in bear.

I must accept that bloodbath, carnage, nose dives have taken a toll on my portfolio, but I have not lost hope and I will not. I don't care what some FII like Marc Faber says about sensex falling between 6000 and 9000. What we don't have and they have is a strong knowledge, strong liquidity and above all communication. Senior investors will be aware as how FII when they sell, they sell together and when they buy they together. This keeps them away from negative market.

For the new investors my only suggestion would be to see the market and not invest in it. Because unless and until we don't see the signal we don't see the positive breadth in the market.

Find me at stockpick_india@yahoogroups.com