ASI - Momentum does not suggest a fall below 6300 points

The momentum of the ASI for the last 23 days does not indicate a steep fall below 6300 points. It is clear that the pace of the market was too high, and a cooling off could be a welcome sign. But the trends we saw since 2014 has a pattern of not falling too much during a trend which is intact, like what we see at the moment.
Taxing the public by a Government can be referred to as NORMAL, but not the smartest. Unfortunately this is the case at present. The Taxes we did not see during the previous regime is emerging from the present set who were elected to Govern with Professionalism, and innovation. A Stock Market anywhere in the World will not accept Taxes with open arms. But the many unpopular trials if they are to be called innovative did not bring a favourable out come to any in the Country. This was evident in the Market as well. As such the Market fell more than 600 points. This was a great opportunity for the Investors who picked up shares at bargains. As such any further innovations by the present PROFESSIONAL SET can certainly open up bargains for those who would BUY on value.

But the traders will not find it the best, as they would not benefit if they were to trade the way they used to. DO NOT GET CARRIED AWAY BY RUMOURS AND STORIES, as they have no place at present. Still if you want to go behind them, BE AWARE that only the rumour and news spreaders will benefit and any one who follows them would not benefit at all.

Trade with a plan, and let the plan make you trade.