Has the bear phase started

[venkatraog]

With todays closing looks like the market market is inching to a bear phase. 40 week ema has crossed the 14 week ema by about 0.25%.

Don't panic; it is not a conclusive evidence. Next week will decide the direction of the market.

 

[columbus]

With todays closing looks like the market market is inching to a bear phase. 40 week ema has crossed the 14 week ema by about 0.25%.

Don't panic; it is not a conclusive evidence. Next week will decide the direction of the market.

Yes,next week decides the course of action,but it reminds me MAY'11 picture.
Refer this chart.
http://www.traderji.com/derivatives/42863-nifty-50-future-trends.html#post573656