a strong bounce back from supports

on 24 th august i wrote here that if next 2 weeks markets are unable stop the loosing streak we are sure to see july lows,,,which are offcourse very very strong supports for india markets,yesterday i posted an article suggesting that we may first see a bounce upto 4200-4300 and 14300 levels,than we may get supports at 3790...12500 levels,,,i also said that the strenth in sbi .larsen ,ntpc and monthly structure of reliance suggests that the july lows will be giving strong support to our markets ....but what a moove in just two days,!!!!!!!!,today it touched 3799 amidst strong bearishness the world over..i do not think any one would have given a thought of such a strong and mighty bounce back..but thats markets for you,,a strong double bottom formation on daily charts.just a day left in the week,if inflation figures can give pleasent surprise,,tomorrow too this rally can get extended which will form a weekly hammer pattern in indices and also in some major stocks so who knows ....we again may have seen a very very strong bottom.perhaps much stronger than when these levels were hit in july-08...and remember to have a glance at india charts and compare them with the world market charts.