Share Prices go further than Expected
Share prices, commodity prices generally moves further than we can expect. Prices are moving in trend. The up trend or down trend what ever you take, price go further than we can expect. But recently, BSE Sensex is on side ways. And the market is going further on ‘side ways’ than what I was expecting.
On the up trend, market had always beat the new highs than can not be expected and the same thing with the down trend, price can go down to such a previous low that no one can expect.
In 2003 sensex was below 4000 level and it starts breaking the new highs. In 2005 it reached to new high of 7000 that was unbelievable and reached to 21,000 level in Jan ’2008. No one expecting the market to hit a high of sensex level of 21000 and when it started to fall from the the high, no one, I mean no one can expect to hit the low of 8000 back again. while falling sensex down from 21000 to 18000, further fall is expected to 14000 to 15000 but it reached to 8000 back again.
Recently, the sensex is moving around 17000, the market is on side ways, Neither going up nor down. Almost 8 months now sensex is in range of 16000 to 18000, that is more then I was expecting on sideways.
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