"Credit crisis is spreading faster to other sectors/corporates and few of them are falling and other are waiting to fall".

I was about to post expected market movement for Indian Market on Tue, before that I wanted to have a look at movement of DOW; it was down 50points; there were other news indicating clearly where US economy is heading?

Bankruptcy, Layoff, losses, bailouts etc are the only news around and anyone can make only one conclusion from these, "Credit crisis is spreading faster to other sectors/corporates and few of them are falling and other are waiting to fall". Just have a look at these news, there is not a single ray of hope, almost all the news are indicating bad to worst economy.

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-Sandeep Jain, Technical Analyst.