WEEKLY MARKET REPORT FOR TRADERS AND INVESTORS

WAVE ANALYSIS: In 2002-2003 when Sensex came out of bear phase it had risem 115% in just 10 month and immediately gave 60% correction in just 6 month of that! Now in 2008-2009 similar phenomena seem to be taking place when Sensex came out of bear phase and it has risen 117% (17493) in just 7 month! If history repeats then we can see Sensex falling to 12000-11800 levels by march/April 2010 or even earlier than that. As per Dow theory and Wave Count the Index should move in higher top and higher bottom formation to keep the bull market intact....