Interesting similarities of NIFTYs sharp reversal
The sharp reversal of the past few days with ~25% recovery looks similar to sharp recoveries of past in years 2000 and 20008 which marked a bear trend for about a year. Could this be similar? What happens at ~9500 levels as it reaches there in next 1 - 2 days will confirm the bear trend likely i guess? What are your thoughts?
Komen:
Okay ... so now reach the exhaustion area and moves in the coming 1 to 2 weeks are key to make up the trend.