Mark Galasiewski, Asian-Pacific Fin Forecast at Elliott Wave International, sees Sensex at 100,000 within 15 years based on technicals and current patterns.
He is of the view that October 2008 lows have already been breached by most markets but India did not, which is very significant. "From the pattern perspective, there was only a three wave decline down to the October lows and most of the other major world markets made what we would call a fifth wave or final wave down in this leg of their bear markets, but India is special because it has only three waves down."
No comments:
Post a Comment