Indian stock market - Bear market 2010 with time based correction Nifty downside target would below 2252

In Indian stock markets, Bull market started in 2003 and as per my technical analysis it was ended in 2008, and bear market started there.

I got a "wrong" buy signal ( bull market start ) in 2009 . But i feel , it was a wrong signal. We saw a low of 2252 in nifty index in the year 2008 and there was a immediate bounce back from that level. As i mentioned in this chart, if there is a break in the MACD and Bollinger band in 2010, then Stock market will see a severe bear market which will sustain for atleast 4 or 5 years. Time based correction will start.

Under what analysis i am saying this ? : Well, as per my technical analysis knowledge. if MACD gives a buy or sell signal, then it will give profit.

On the other hand, If it gives a sell signal and immediately a buy signal with loss, then, it means again there will be sell signal with time based correction, which will end in profit. i think that is going to happen in Indian stock markets, starting from 2010.

Bear market in 2010 with time based correction of 4 or 5 years ? Here is the chart

I think, Nifty will again go to a low which will be below 2252 in the coming years.

Watch, whether the MACD gives sell signal.

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Market to crash in 2011

http://www.marketwatch.com/story/market-crash-2011-it-will-hit-by-christmas-2011-02-22

By Paul B. Farrell, MarketWatch

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Tradersir prediction on october 2010

Tradersir prediction on october 2010

http://www.tradersir.com/9/2003-started-bull-market-ended-in-2008,-bear-market-started-there

already written a thread on this in the month of oct 2010.

By Paul B. Farrell, MarketWatch on feb 22nd 2011

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Deutsche Bank warns word stocks could losse 35 % value

Deutsche Bank warns word stocks could losse 35 % value

http://www.economy-news.co.uk/uk-financial-news/the-ftse-100-report/5532-ftse-100-world-stocks.html

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