Indian Stock Market Is On a Parabolic Upside

The BSE SENSEX, the major index for the Bombay Stock Exchange, is on an unsustainable upside. The price pattern since May 2003 is a series of upsides where the current upside is very steep.

And the pattern since June 2004 is a parabolic bubble, which will eventually burst.

Posted March 25, 2006.

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