Market Views Dec 26th and ahead.

Nifty spot has broken the support of 2860 - 2865, the next support at 2800-2790. There is something inside me telling that we will see a new nifty low this January contract. Please dont ask me the reason ..... i have a weird method of calculating nifty , which helped me assess the fall back in february (Check http://ramshare.blogspot.com/2008/01/nifty-views-looking-ahead.html) and in february posted in the TSR google groups http://groups.google.com/group/STOCKRESEARCHER/browse_thread/thread/1aff52a09a0b0e63?hl=en-GB . It is almost the same methodology iam using here . But i predicted a low of only 4120 but we saw 2500...... so are we going to see 2000 or even lower.

Iam not saying i calculated the nifty fall, but the negative news flow at that point of time enhanced my views of a Nifty fall. So what are the reasons or negative reasons that might lead to another round of sell offs. Lets all wait with bated breath...... and hope iam proved wrong!!!