THE END OF A BULL MARKET
(a) A very large IPO comes, masses participate in frenzy and it drags and soaks all the money from weak hands/retailers into the market.
(b) People are over-leveraged.
If at all Institutional selling starts due to any trigger there is no further supply of losers' money buying this selling.
It gets pronounced day by day. And finally people come to believe it after second leg of selling called 'Washout'.
Next Time whenever NIFTY approaches 6300, and ADX is not above 30 it's time to close all long positions in the market.
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(a) A very large IPO comes, masses participate in frenzy and it drags and soaks all the money from weak hands/retailers into the market.
(b) People are over-leveraged.
If at all Institutional selling starts due to any trigger there is no further supply of losers' money buying this selling.
It gets pronounced day by day. And finally people come to believe it after second leg of selling called 'Washout'.
Next Time whenever NIFTY approaches 6300, and ADX is not above 30 it's time to close all long positions in the market.
Uploaded with ImageShack.us
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