Tuesday, April 21, 2015

A 1100 point Correction/Rally in 5 Days is the New Normal?

In the last 5 odd months, we have had 7 corrections (including the current one) that lasted for 5 trading days on an average and saw the Sensex loose around 1100 points.
In the same period, we had 7 rallies where the Sensex gained around 1100 points in an average of 5 days.
05-12-2014 to 21-04-2015
Correction in Days
Rally in Days
766 3 992 3
1121 5 679 6
979 3 676 3
1454 7 2224 8
790 3 1235 7
1279 7 847 4
1368 5 928 3
Average
1108 5 1083 5
Purely going by the law of averages, this correction seems to be nearing its end.
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