Aguytrying wrote:hisah wrote:Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever!
Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight

Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here.
The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes... Without chartists this place would be pandemonium. I appreciate the input. I Wasn't following during GFC. Grabbing my popcorn now
In my time in this forum I have never seen you this scared @aguy. Yesterday's losses must have struck a nerve. But I don't think the rate of the current slide is sustainable.
Some pullback will be in the offing before long, then we resume the daily losses of 10-30 points till the next shakeout event.
Commodities to this day have been in an ever tanking bus since their peak in 2011. Oil didn't join the bandwagon till mid 2014. So for safcom, its time in the cleaners will come. Linear progression is not Mr market's default setting.
The main purpose of the stock market is to make fools of as many people as possible.