first what were the events leading up to it? Both in pakistan and worldwide.
if it was similar to those we have seen unfolding this week then it is quite justifiable to still be in a downtrend. If that does happen in our markets i'd say great. We are still in a correction phase and the market is sorting itself out WITHOUT SHORTERS.
If that happens it will prove that Shorters are not required to correct bull or positive markets.
Can i also pose the question what is the effect of the Marriot Bombings on the Pakistan Market?
Given the bali bombings caused a tank in oz and the sept 11 caused a major tank in US then why hasn't Pakistan tanked now? We all know why and that again proves your chart does not tell the real story. Pakistan leads no-one. If American sneezes we catch a cold, if pakistan sneezes we simply just don't play cricket there for a month.
That chart you show is roughly when freddie and fannie scared teh market is it not? perhaps thats the real reason for the tank, that the market was correcting itself inline with the world markets.
