Sensex Index - Indian Market

The Indian market, like most of the other asain indexes, has been in a better situation that the US Indexes. I would expect this to continue. The index has been consolidating since September and would expect these to outperform the US Indexes over the coming weeks and would expect a rebound in this index within the next couple of days. I will be looking for where this rebound retraces to before looking for a downside atrget and if that downside target will break the range. This index could move down by more than 10% before I would consider it to be in a bear trend.