VIX - will this time its going to be different??

LT - will the slide stop here?

BN/Nifty PnF charts for last 10 days

Banknifty - which way will it go?

Chart pattern (example) for the bullish view:

S&P500 also had a massive fall from 1210+ to 1010 from April 2010 to July but subsequently it made a smart recovery against all odds/sentiments climbing the proverbial wall of worry.

Chart pattern that supports bearish view:

US banking index made a peak in April 2010 and then tanked back to the point where it broke-out. Subsequently, it just underperformed S&P500 and just consolidated for next 7-8 months

So we'll keep watching which way Banknifty goes!

PnF charts depicting the the massacre of Nifty and Banknifty

BN (SPOT) 10 day PnF

BN - how low can it go?

Will chart of HDFCBANK give a clue as to what Nifty will do next?

Why I am using HDFCBANK analogy? HDFCBANK peaked on 4th OCT when Nifty Futures reached a peak around 6240 and its been ahead of Nifty by at least a month ...

BN (SPOT) PnF chart -- updated

India ETF - the gambling instrument for US investors - How does it compare to Nifty?

India ETF:

Nifty:

BN (SPOT) PnF chart

Text book Double Bottoms rarely work

Here's an example which shows that the second bottom is typically lower than the first one by a few points - just to take out the stops for lucky longs that got in during the first bottom