SUNNEWS INTERVIEW excerpts:
· Correction from here can be 30-40%
· Never time correction it doesn’t say and come
· Warren buffet waited with huge cash to invest in Crash of 2008
· Correction doesn’t need a reason after correcting we normally find reason
· Sector wise correction has already started and almost 75% of stock is more than 15% from 52week high, so participation is low.
· Market has built in all positive so only any Good news negative reaction is seen
· Crash from 20000 to 9700 was predicted it happened after 3months of saying
· Current rally was predicted when I came first time this channel in March 2009 and today I feel correction is due.
· High commodities will have negative impact on already fragile recovery.
· The SUNNEWS anchor was in NANAYAVIKADAN when I wrote the “Bear Attack in Stock Market In early 2008”
Market Morning for 09/10/2009 wrote:-
Fibonacci Days: Low of 6th March2009, 144 trading days completed and from low of 27th October 2009, 230 trading days completed, “144 & 233 are important turn dates. with 3-4days before or after” and normally caution is advised, with result season around and rally of more than 100% from lower levels.
Market Morning for 09/10/2009 wrote:-
Fibonacci Days: Low of 6th March2009, 144 trading days completed and from low of 27th October 2009, 230 trading days completed, “144 & 233 are important turn dates. with 3-4days before or after” and normally caution is advised, with result season around and rally of more than 100% from lower levels.
