Hi, Support line is lower for the S&P than for our nifty!!?? is it not? since you track the US markets.. would you say that (long term charts) US has seen a cyclical bull run since 2005 unlike our markets which is in a structural bull market and 2008 was a cyclical bear turn!!!????
There are minor differences but i just wanted to point out the similarities.
about the 2008 bear turn. Let me take the example of dow jones which fell from 14000 levels to 6000 levels. What's going on right now is a retracement of that fall. So what you are saying is right
Hi, thanks for replying .. I pointed out the difference because the support for our markets is relatively higher than the US markets.. because of the long term structural pattern of both markets !! :) Thanks for agreeing !!
Hi,
ReplyDeleteSupport line is lower for the S&P than for our nifty!!?? is it not?
since you track the US markets.. would you say that (long term charts) US has seen a cyclical bull run since 2005 unlike our markets which is in a structural bull market and 2008 was a cyclical bear turn!!!????
@Shazia
ReplyDeleteThere are minor differences but i just wanted to point out the similarities.
about the 2008 bear turn.
Let me take the example of dow jones which fell from 14000 levels to 6000 levels. What's going on right now is a retracement of that fall. So what you are saying is right
Hi, thanks for replying ..
ReplyDeleteI pointed out the difference because the support for our markets is relatively higher than the US markets.. because of the long term structural pattern of both markets !! :)
Thanks for agreeing !!