IPM Model update has been emailed to subscribers.
Extract from IPM Update:
"In the last update it was stated that “There were three turn windows, and therefore, one should be careful.” It also mentioned that “there is a high probability of continued market rise till October 2013."
Please note that IPM Model bottom date was August 30, and the market bottomed on August 30 @ 1628 and rose to 1730 on Sept 18 i.e. ~100 point rise in less than 3 weeks.
Extract from IPM Update:
"In the last update it was stated that “There were three turn windows, and therefore, one should be careful.” It also mentioned that “there is a high probability of continued market rise till October 2013."
At that time no one believed in a sustained rally because of: Fed’s tapering decision, Fed’s new chairman decision, Syria military action, geo-political uncertainty, debt-ceiling debate, sluggish housing market, & rising interest rates.
Please note that IPM Model bottom date was August 30, and the market bottomed on August 30 @ 1628 and rose to 1730 on Sept 18 i.e. ~100 point rise in less than 3 weeks.
This is how market deceives the majority. Market is very clever!!
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