Archive for October 15th, 2007
The bull run …
It crossed 19k today.
Only 4 trading sessions were required to move from 18k to the present day close.
17k -> 18k happened in 8 trading sessions.
16k -> 17k climb took 5 trading sessions. (This was the fastest climb until today)
The SENSEX was hovering around the 14k mark in Dec ‘06.
It has climbed more than 12k since the time I got a PAN Card 
(How I lost it and have not been able to reclaim is a different and sorry tale altogether)
Do you see a pattern (skeptic or otherwise)? Well, don’t try to … instead listen to analysts who predict that 20k is in vicinity (Diwali time is what forecasts say) and 25k is what the index could read by the end of ‘07!
The bears will be hiding for quite some time and the bulls beating them … will continue.
