news only follows technicals.... we were all surprised when the market fell in jan but see what followed inflation,bad iip,govt. instability,crude price,bad corporate numbers etc....and pls also note GDP numbers have no bearing on market performance ...remember china is growing at 10+ % but still the market has crashed from 6300 to 2400 more than 60%.Also this thread is for TA not for FA views .. a few posts here and there is okay but lets not get carried away by fundamentals which has always followed technicals...