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Sink Below 7000

+12
smallville
poor boy
HUNTER
nihal123
LSE
Market lover
slstock
econ
sashimaal
mymoney
Future123
කිත්සිරි ද සිල්වා
16 posters
Go down
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Sink Below 7000 Empty Sink Below 7000

Fri Nov 13, 2015 2:16 pm
Sink below 7000 and what do Charts say now?
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Fri Nov 13, 2015 2:34 pm
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Looks like budget is going to be anti investor. Market has sensed it.

Market would go to 10,000 points if the space debris had fallen on Ravi K  Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy 
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Fri Nov 13, 2015 2:47 pm
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7000 is the final bottom, most of shares hold it's ground, But ASI is falling because shares like COMB, NEST down.
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Fri Nov 13, 2015 2:50 pm
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Let's wait for the budget.

Charts will say 6970 is the lowest till then. 7000 has support Smile

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Fri Nov 13, 2015 2:53 pm
Managed to scramble back again above 7000 and let's wait and see after the much awaited Fat R budget. Very Happy
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Fri Nov 13, 2015 5:59 pm
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Future123 wrote:Looks like budget is going to be anti investor. Market has sensed it.

Market would go to 10,000 points if the space debris had fallen on Ravi K  Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy 

agreed. another bear is imminent i guess.
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Sat Nov 14, 2015 9:46 am
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I just saw this Kithsiri,

See the 2nd part on the below post. It is relevant to your question . I did not make chart but it based on Technicals too.


https://forum.lankaninvestor.com/t2780p120-acl-kcab-and-apla-future#54802

I will tell one thing.
Whenever the market bounces ( hoping for no more bad news in budget) it will have room to gain massively if needed Wink

Else second para in post will help.
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Sat Nov 14, 2015 9:57 am
Thanks SLS.
(I am in fact not so concerned about the fall, as I am in for long term here. I was just wondering what charts have forecast only). Very Happy
slstock wrote:I just saw this Kithsiri,

See the 2nd part  on the below post.  It is  relevant to your question . I did not make chart but it based on Technicals too.


https://forum.lankaninvestor.com/t2780p120-acl-kcab-and-apla-future#54802

I will tell one thing.
Whenever the market bounces ( hoping for no more bad news in budget) it will have room to gain massively  if needed Wink

Else second para in post will help.
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Mon Nov 16, 2015 2:25 pm
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Today's drop is more than i expected..so my numbers may be broken.


sashimaal wrote:Let's wait for the budget.

Charts will say 6970 is the lowest till then. 7000 has support Smile

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Mon Nov 16, 2015 2:32 pm
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Paris has created Panic.
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Mon Nov 16, 2015 2:41 pm
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Terribly down below up trend channel..., Now what....?
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Mon Nov 16, 2015 3:13 pm
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Day ended at 6965

COMB crossing at 145 shows where it might go in ST. ASI can move towards 6900 (+/-  30 points)

Good thing is as SLS has mentioned, once it starts running, could go up a lot.

Over to RK...if he messes... !
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Mon Nov 16, 2015 3:38 pm
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Don't panic guys... Be greedy... Collect more at the bottom... study study study
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Mon Nov 16, 2015 3:42 pm
Yes good time to collect.

LSE - can you pls your analysis. Thanks


LSE wrote:Don't panic guys... Be greedy... Collect more at the bottom... study study study
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Mon Nov 16, 2015 3:54 pm
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LSE wrote:Don't panic guys... Be greedy... Collect more at the bottom... study study study

bottom නම් තමයි, ඒත් තව වැටෙයි කියලත් බයයි
scratch

Sink Below 7000 <a href=Sink Below 7000 Asi10" />
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Mon Nov 16, 2015 5:01 pm
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mymoney wrote:
LSE wrote:Don't panic guys... Be greedy... Collect more at the bottom... study study study

bottom නම් තමයි, ඒත් තව වැටෙයි කියලත් බයයි
scratch

Sink Below 7000 <a href=Sink Below 7000 Asi10" />

Thanks LSE

Yes mymoney, I also think so.

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Mon Nov 16, 2015 5:04 pm
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another one of series of Bad news :

https://forum.lankaninvestor.com/t6665-turnover-tax-threat-for-tourism#54989

Can market rebound with these type of news ?
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Mon Nov 16, 2015 5:51 pm
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So, Kith wanted to know what would happen next, just for fun.

Therefore, I have done my analysis below, also for fun.

----------------------------------

Sometime ago, I posted my view about a time window for the market to reverse up (Sept 20~ Oct 10); and we missed that up (Or someone messed it up?)

https://forum.lankaninvestor.com/t4908p315-this-weeks-most-discounted-101-shares-by-hunter

Until that window, market had had a short term down trend. (Non-overlapping waves).
Usually, unless it is a very strong downtrend, a downtrend is followed by an upward correction (Overlapping waves).
But, right now, what we experiencing is a downward correction. (Lower tops and Lower bottoms)

So, what I can see, in the chart, is the possibility of another short downfall very soon (Down to 6750).

However, since the net results of this quarter seem to be positive, I expect the market to bounce up again to continue the 'sideways swing' (Up to 7650).

All these are illustrated in the following chart.


Sink Below 7000 Asi_2010

(As said, this is done partially for fun)

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Mon Nov 16, 2015 6:43 pm
Thank guys. Very Happy
(So the consensuses is to buy more and wait for it to bounce back).
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Mon Nov 16, 2015 7:33 pm
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I hope 6750 won't be best bet.

If that happens, Shocked Mad

If so, why buy now?

Anyway, budget will be the key at the moment.

කිත්සිරි ද සිල්වා wrote:Thank guys.  Very Happy
(So the consensuses is to buy more and wait for it to bounce back).
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Mon Nov 16, 2015 8:50 pm
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I will wait till the budget to identify the best sectors. I sold some of the risky shares and holding export related shares and long term holding shares. Definitely export related shares will be the best after the budget.

The government is planning to introduce a disastrous tax called Business turnover tax (BTT) which was abolished long ago. This would have a serious impact on profits of all the companies. Unlike VAT this BTT would be duplicated and charged whenever there is a sale. VAT is charged only once and for subsequent value additions.

If this deadly BTT is introduced ASPI could go to even 6000 in the medium term. I can't understand why the government is very angry on businesses and investors. Many of you yahapalanaya supporters say country first and don't be selfish blabla....

Just forget about businesses, the poor people will be paying additional money to buy any product as a result of duplication of turnover tax. Is there any shop selling plain tea at 10/=, milk tea at 25/=, dhal, sprats at the prices specified in interim budget?

In brief, I would wait till the budget to identify the sectors which would benefit from the budget. Read the following article carefully.

http://www.ft.lk/article/497195/Turnover-Tax-threat-for-tourism
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Mon Nov 16, 2015 9:25 pm
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Better to liquidate and ready with cash..., Coming colors are not good Embarassed
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Mon Nov 16, 2015 9:28 pm
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Future123,

Let's wait till the budget.

Govt can introduce a lesser percentage or some other way where more people would have to pay but people who currently pay don't pay more.



Future123 wrote:I will wait till the budget to identify the best sectors. I sold some of the risky shares and holding export related shares and long term holding shares. Definitely export related shares will be the best after the budget.

The government is planning to introduce a disastrous tax called Business turnover tax (BTT) which was abolished long ago. This would have a serious impact on profits of all the companies. Unlike VAT this BTT would be duplicated and charged whenever there is a sale. VAT is charged only once and for subsequent value additions.

If this deadly BTT is introduced ASPI could go to even 6000 in the medium term. I can't understand why the government is very angry on businesses and investors. Many of you yahapalanaya supporters say country first and don't be selfish blabla....

Just forget about businesses, the poor people will be paying additional money to buy any product as a result of duplication of turnover tax. Is there any shop selling plain tea at 10/=, milk tea at 25/=, dhal, sprats at the prices specified in interim budget?

In brief, I would wait till the budget to identify the sectors which would benefit from the budget. Read the following article carefully.

http://www.ft.lk/article/497195/Turnover-Tax-threat-for-tourism
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Mon Nov 16, 2015 9:31 pm
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budget can be a serious threat for ranil and Ravi. i saw in a news paper that some ministers are trying to defeat the budget as a first step to change the government.
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Mon Nov 16, 2015 9:34 pm
With the kind of people around, it is a real possibility.  Very Happy
(Stolen and now hidden money can come into play a roll too). Shocked
poor boy wrote:budget can be a serious threat for ranil and Ravi. i saw in a news paper that some ministers are trying to defeat the budget as a first step to change the government.
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