last week unexpected news from Lehman brothers denial from us govt spoiled the game of bulls .now this is clear bearish market for long term view this will continue for long term .all the economics news from us market continue bad.
in between bull market can not rule out ,now onwards there is possibility of intermediate good bull period (bear market rally)but this means not the end of bearish period and start of new bull run.see my post posted in vfm forum also.
i am not highly bearish considering our economy strengths.
technically we are at ABC x ABC at c wave of last ABC.
see the chart is suggesting after this five wave of last c wave over, new up wave will soon start.
