Re: Market ki situation aur secure trading
Trading ranges established on the major indices during shock
spirals can persist for many months. Consider what happened to the Dow
Industrials after the 1987 crash. The index traded to a cycle low at 1616
on October 19 and then bounced up to 2164 on October 20. It then held
within those boundaries, except for one brief rally to 2193, until January
1989. This compression illustrates the massive supply and demand shift
that takes place during historic market disruptions. They also set up
important levels to watch, like we saw after the October 2008 crash.
Although old timers might disagree, that shock spiral was far more complex than the 1987 plunge, with posttraumatic trading ranges that were
easier to visualize on big liquid equities than on the underlying indices.
Trading ranges established on the major indices during shock
spirals can persist for many months. Consider what happened to the Dow
Industrials after the 1987 crash. The index traded to a cycle low at 1616
on October 19 and then bounced up to 2164 on October 20. It then held
within those boundaries, except for one brief rally to 2193, until January
1989. This compression illustrates the massive supply and demand shift
that takes place during historic market disruptions. They also set up
important levels to watch, like we saw after the October 2008 crash.
Although old timers might disagree, that shock spiral was far more complex than the 1987 plunge, with posttraumatic trading ranges that were
easier to visualize on big liquid equities than on the underlying indices.
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