Are you feeling confident about the market?

Rising sun is saluted by everyone than why you want to salute the falling index. Is there steam left I seriously doubt seeing the market position and macro factors. FII are here to make money and they make it fast but when they exit why you have to catch the melting ICE. Thats exactky what you people are doing.
IS there any reason to buy at current levels. Lets see a bigger picture
a) Chrysler creating doubts thousands of ppl ll become jobless
b) India's political situation.
c) MAy hem effect 2006 index at the same level and same patterns outperforming MEtal pack. But is it really good situation out there. IS there enough demand to support the capacity expansion I doubt. So move money into real cash and book paper profits in Index. given current situation I doubt index does not deserve to trade beyond 3348 levels which is a decent PE. Growth cannot come People buy a wrong story and they build on it and when they exit we common investors are ready to catch the melting ICE. The best way is to keep your money out and wait for right investment opportunity. Its high time to exit from long positions crossovers will change in no time and bull or bear just see the right time can protect your portfolio.