Nifty with Excessive Growth, gets the trimming

This chart of Daily Nifty from 2009 June is channel drawn to deviation parameters.
When we look at the channels, it looks like
the Red Channel is what that is, the Overgrowth Zone, which crumbles, and gets trimmed.
The Green Band is the normal growth.
The Blue Band is the Acceptable Growth.
The Grey Band forms news or sentiment based momentary blips and dips, like the Satyam fiasco, Dubai crisis, etc.

Food for thought, for the weekend ... :)
Have also shown the Fibonacci levels from the all time low to present [recent] high.

Also are the established daily EMAs of 100, 144, 200, for a guidance on where the price has travelled.