Indian Stock Market: East is East and West is West Except When Correlation r=.85 at the 95% Confidence Level

I just guessed at the .85. If we do more posts on the Indian Markets I'll run the program.
As for Kipling, I think the closest he ever got to market commentary was "The Female of the Species":

When the Himalayan peasant meets the he-bear in his pride,
He shouts to scare the monster, who will often turn aside.
But the she-bear thus accosted, rends the peasant tooth and nail,
For the female of the species is more deadly than the male.

Lifted in toto from Bespoke Investment Group:

India's Stock Market Tanks

As shown below, India's SENSEX (the main stock market index in India) has completely fallen out of bed over the past few weeks.  Since gapping sharply higher on October 27th, the index is down 12.33%.  Today the SENSEX experienced a major breakdown as it collapsed below key support levels that were formed by the index's August and early October lows.  This breakdown has many saying "Look out belooooooow!"