ARE WE HEADING TOWARDS A CRASH???
THE GIVEN TABLE SHOWS ALL SIGNIFICANT CORRECTIONS THAT TOOK PLACE IN THE LAST 15 YEARS. COLOURS, UNDERLINE AND BOLDNESS HAVE BEEN USED IN ORDER OF AMPLITUDE.
*FRIDAY LOW. WE DO NOT KNOW YET, WHETHER THE FRIDAY LOW IS THE END OF THE DOWNMOVE OR IT WILL GO FURTHER DOWN.
| TIME | HIGH | LOW | CORRECTION | % |
| 2000-2001 | 1818 | 850 | 968 | 53.2453 |
| 2004 | 2014 | 1292 | 722 | 35.8491 |
| 2006 | 3774 | 2595 | 1179 | 31.2401 |
| 2007 | 4245 | 3554 | 691 | 16.278 |
| 2008 | 6357 | 2252 | 4105 | 64.5745 |
| 2010-2011 | 6338 | 4531 | 1807 | 28.5106 |
| 2012 | 5629 | 4770 | 859 | 15.2603 |
| 2013 | 6229 | 5118 | 1111 | 17.8359 |
| 2013-14 | 6415 | 5933 | 482 | 7.51364 |
| 2014 | 8180 | 7723 | 457 | 5.5868 |
| 2014 | 8626 | 7961 | 665 | 7.70925 |
| 2015 | 8996 | 8471 | 525 | 5.83593 |
| 2015 | 9119 | 8269* | 850 | 9.3212 |
THE GIVEN TABLE SHOWS ALL SIGNIFICANT CORRECTIONS THAT TOOK PLACE IN THE LAST 15 YEARS. COLOURS, UNDERLINE AND BOLDNESS HAVE BEEN USED IN ORDER OF AMPLITUDE.
IT ALSO SHOWS THAT THE CURRENT CORRECTION IS THE LARGEST SINCE THE AUGUST 2013 CORRECTION, WHEN THE INDIAN ECONOMY WAS AT THE WORST CONDITION OF DECADES.
DOES THAT MEAN THAT THE BULL RUN WHICH STARTED.SINCE RAGHURAM RAJAN TOOK THE POSITION OF RBI GOVERNOR AND THE ANNOUNCEMENT OF NARENDRA MODI AS THE PM-CANDIDATE, IS OVER????????
ARE WE HEADING TOWARDS A CRASH????
*FRIDAY LOW. WE DO NOT KNOW YET, WHETHER THE FRIDAY LOW IS THE END OF THE DOWNMOVE OR IT WILL GO FURTHER DOWN.
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