Back on 21st September it looked highly improbable that we will get down to 11950. But we have just reached that level. So naturally we wish to know whether the market will turn around here and head back to 14,200. kwse-21-sep-08
On balance, I think the chances of going back to 14,200 are much higher than dropping directly to 9000. However, if one is seeking to BUY some good stocks, perhaps it will be a good idea to wait for a bottom to be posted, and buy on the way up. The next good support comes at 11620, and that is not a bad level to foray into the market.