Market in general

Where do you think is the Sensex headed? I have a setup which says incomplete 3 of degree 5 with an ultimate target in the range of 4300 to 4500. However I dont feel comfortbale with the current market. It has not shed much weight which it acquired while going up.

Every two bit investor has become a BIG BULL and that scares me. Because when these guys go buying the market falls.
Your comments?