Every dip in the market is bought consistently which leads to no meaningful pullback/correction. This also at times gives an illusion that market will keep going higher like this for who knows how long! But do not fall for such trap, element of surprise is the key Markets weapon. Market is overdue for a pullback/correction, getting in the market at wrong time can lead to losses...
As we know, the rally started in late December 2011 is intact so far. All who missed the rally or prematurely exited the market are waiting for pullback. Remember, market likes to "penalize" maximum people. When everybody is expecting a pullback, market keeps going higher thereby causing more frustration. But how higher will this rally continue!!! Do we really care?
Every dip in the market is being bought aggressively. All those who missed the rally (started in last week of December) are eager to get in at any cost. Hopefully readers of this blog/site were at peace and did not exit the market prematurely. However, the BIG question is how long this creeping higher can continue without a real pullback/shakeout!!!
We are hearing about PULLBACK from past 3 weeks in news, TV channels, trading blogs, etc but see how market has managed to creep higher slowly and steadily. Those who prematurely exited the market, hearing to all that noise are getting frustrated as they missed the upside while those who are waiting for pullback are getting impatient as market keeps creeping higher without any real pullback. But we believe all those who are following this blog are very much at peace...
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