For folks following Mahurat trading in US markets also. They got one huge bumper move yesterday. The rally was kind of Band Baja Rally where each and everything was bought and was bought with super intensity.
This rally seems very similar to Oct 1998 where we had a big decline from June to September and then we had a huge October. Yesterday's rally seemed more ferocious. My ETF portfolio zoomed up 27% net in just one day. I have never seen moves like that of entire market. But the move is more than welcome as I was participating in the market.
Cheers and Happy New Year.
This rally seems very similar to Oct 1998 where we had a big decline from June to September and then we had a huge October. Yesterday's rally seemed more ferocious. My ETF portfolio zoomed up 27% net in just one day. I have never seen moves like that of entire market. But the move is more than welcome as I was participating in the market.
Cheers and Happy New Year.
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