Sensex : Mirror Image!!

The Sensex Started a bull market in 2003 and I believe a bear market in 2011. Prior to both you can now see a clear pattern. If you are technically inclined you have noticed it right away. A multi month/year triangle pattern amidst record low volumes for that period. Note the volumes shown here are of Sensex stocks alone and not the entire market. So after forming this pattern from 10/01-05/03 we broke to the upside for years and now we have done the same between 11/10-07/11 and broken on the downside. The volume expansion on the breakout confirms it. The second chart below shows the recent breakdown with volumes to get a clear picture of it.