ASI is cooling off - not a place for the weak

Over the years I have encountered that impatience and fear increase people to chicken out and run away from the market. The next problem I have faced as a stock broker is that all come running back only when the market has come to a boiling point. People who gets involve at the right time is only a handful. This is what I've been screaming all along in many ways and styles in this blog for so long. That is my duty. You must know what you are in the Market. Do you want to Invest or Trade?
Don't think to make quick money, you can't do it all the time. If you want to make quick money then you have to do things by breaking the rules and regulations, or unethically, all of which I do not stoop to, and many whom I know.

Even the biggest Billionaires in this market  or any other wont win all the time.

Present ASI is in an up trend since DECEMBER 2008. Biggest issue is the quick rich mentality of majority that is wanting the market moving up according to their pace. Not knowing that there are many human phenomena playing within the Markets. If I can see all what I'm telling  is happening the way I want, I'm the biggest fool in town.

Present pace in the ASI needs to be corrected, as it is moving up too fast.  A 200 point increase a month will add 1400 points into the present index of 6500+ that means it is 7900 points. Even a 100 point move will add 700 points making it 7200 by the year end.

When you look at the chart given in this article you will observe that the 9sma has made itself an active moving average indicator, making it to support and resist the short term movement of the market. This now rests as a short term resistance at 6626 points. The next important oscillator is the RSI, which was at 83 points on the 16th instant, and now has fallen to around 55 points. There are Fibonacci supports at 6535 and 6452 areas.

As we are moving in to a new month it will be interesting to see how things are going to unfold. Let's watch........