important signs of a major revival

IMPORTANT SIGNS OF A MAJOR REVIVAL....2512 FOR NIFTY WAS THE LAST SUPPORT
SUGGESTED IN MY LAST UPDATION...WAS HELD NICELY..AND A BIG RALLY STARTED FROM THAT
POINT AROUND,,NOW WHAT ??...HERE ARE SOME MAJOR SIGNS WHICH SUGGESTS THAT WE MAY HAVE HIT THE BOTTOM

first major sign is when majority of stocks simply ignore immediate resistances,like earlier lows,fibonacci resistance levels and latest trendline resistances,THIS HAS HAPPENED IN MOST
OF THE MAJOR STOCKS.

second important point is that when a severe downtrend continues its journey,ossilators responds to rallies with heavy price falls,,than in corrections (sideways mooves),price moves up as ossilator goes down and moves down as it goes up,,and suddenly a move starts when ossilators starts ignoring price rise,,this is the first sign of a new move(in other direction starting).

other important thing tobe noted is that seemingly DISRIBUTION phase turns out tobe
CONSOLIDATION, when a major bear phase ends.the broad range was 2630...2950..even a
close below 2630,was unable to drag nifty below 2512.

and certain sectors or leading shares makes their respective bottoms atleast ONE bear phase ahead of indices.consumer goods,,,power sector and reliance are the examples in the current rally

election.....generally markets dicounts the future very well,in our case looking at the strenth of the ongoing rally .just before the general elections ,we can presume that we will have a good n strong government in place after elections...no place for mayavati or for that matter the so called third front,,which can possibly destabilize the economy in a big way.

dow hns weekly....looking at the weekly chart of dow ,i feel that (as impact of us markets is very very huge on the whole world markets).theres a wekkly inverted h&s pattern developing,,it all depends upon how next few week passes on for the us markets,if the pattern completes, we may have hit a real bottom.