Sensex's 10 Biggest Crashes

Dear Friends:

Technical Trends is not very sure whether the January or March lows will be broken today completely . But given the downside in the market it definitely will test the lows and may even breach it further. It's unlikely the market will suddenly see an upside and it's likely to remain a bear market for sometime until there is any consolidation.

My view is that this market is not going to stop falling so soon, at some point it will, it will begin building up a base but that day hasn’t come.

This Monday 09.06.2008 we saw the markets on a downward spiral because of the weak cues from US markets and rising crude oil prices.
To day Sensex has plunged below 147500 and Nifty below 4450 levels. Realty, power, oil & gas, capital goods, auto, banking and metal stocks have taken huge beating. Midcap and small cap stocks also got crumpled.

Market breadth is weak. With crude prices hammering the stocks, the share prices are expected to be under pressure for some more time.

Last 10 Big Market Crashes are:

Jan 21, 2008 --- 1,408.35 points
Mar 03, 2008 --- 900.84 points
Jan 22, 2008 --- 875.41 points
Feb 11, 2008 --- 833.98 points
May 18, 2006 --- 826.38 points
Mar 13, 2008 --- 770.63 points
Dec 17, 2007 --- 769.48 points
Oct 17, 2007 --- 717.43 points
Jan 18, 2007 --- 687.82 points
Nov 21, 2007 --- 678.18 points