At least now some kind of 'Mean Reversion' happening ,after almost a Parabolic rise ,those who equated that as a downtrend,their positions where shaken out of the System.
As in your thread you are giving us the usefull A/D etc,can you incorporate the PE ,seen a post few months back in some thread here (the EoD datas for Nifty PE are available in NSE site.).Just a suggestion ,as such everybody is tied up.
The guy who posted that PE study (cant remember his ID) had made some kind of observation.
As in your thread you are giving us the usefull A/D etc,can you incorporate the PE ,seen a post few months back in some thread here (the EoD datas for Nifty PE are available in NSE site.).Just a suggestion ,as such everybody is tied up.
The guy who posted that PE study (cant remember his ID) had made some kind of observation.
Hi
PE,PB and Yield chart can be checked out at investbulls.com. Interestingly PE has gone up but PB has not followed in its wake. Yield also seems to be bottoming out. Don't know how much significant it is. But if corporate growth keeps pace then the forward PE would be more important.PE of 22 presently will be actually 15 or 16 or FY 09.
In any case market will be due for correction and as investors confidence builds up more and more retail investors would jump in the last moment before correction.