Tuesday, May 23, 2006

Sensex has started Falling

As predicted earlier by us nearly 50 days back, Sensex has started its free fall last week and is still falling. Of course, we could not have predicted when it would fall, but we had predicted that it was overvalued at 11000 and would touch about 12000 and fall. However, it went on to touch 12600+ and then remained volatile around 12000 and then began its fall which is still continuing.

To read our predictions read:

Sensex or NonSensex? Part I: Is the Indian Stockmarket Overvalued

Sensex or NonSensex? Part II: Is the Indian Stockmarket Overvalued

Sensex is going to fall!

So that should put more faith back in fundamental mathematical analysis and also away from financial mumbo-jumbo that characterizes each over-exuberant bull phase in all markets of the world.


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