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Hi Almighty, Wiseman,

I might have caused unintended confusion by using the word 'gap' in a sense that is normally not used in market analysis. That's why I put the word in quotes, as 'gaps'. In any case, sorry about the confusion.

However, what I meant was that we are unlikely to see a serious uptrend in prices when the market is consolidating after a previous such uptrend, spanning a few years (at least 3 on my count). If this is agreeable, then what can happen is that (in my view at least) the consolidation period could be extended over several years (say 2-3 years or more) or there could be a fall of significant proportions (say 50% of peak price) after which another bull run might start.

My question to experienced RE watchers is - is this borne out by RE data, in India. I know that this applies to stock markets, more or less.

BTW, is there anything like a Elliott Wave type theory for RE prices? Just curious...

Thanks.

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