7th Jan.2009 - Satyam Collapse far reaching effect

Warning: The way market has reacted today after the satyam news has made the technicals that were pointing to take the market above 11870 by 5th Feb.2009 has made them two edged i.e. by or before 5th Feb.2009 the market can even break the Oct.2008 lows of 7697. Now the key is what the International Markets do specifically S&P 500. If it does the same in one or two days i.e. fall by 5 to 6% in a day then a new decline has started.

6th Jan.2009- Short Term Target before or by 5th Feb.2009 - Above 11870 and final target 13335

I mentioned in my market view on 13th Nov.2008 that market has started the move towards the zone of 12000 to 12500 AND now I forecast that before or by 5th Feb.2009 the market should cross 11870. Today i.e. the market as on 6th Jan.2009 has closed at 10335 i.e. a move of 1535 points or about 15% increase from present sensex level in less than one month.
The final target for the current upmove is 13335.