Expect further correction in Indian markets

Currently when this post is being written the DOW jones is down by 140 points, it was around 300 points down a few hours back, it has recovered a lot nearly 50% from its current day fall, but this doesnt mean that weakness is over.Weakness is still there and I expect further correction in DOW JONES which will lead to a correction in Indian markets as well.
I expect sensex to touch around 13700 level, from where some bounceback or recovery is expected.
The correction in DOW Jones was mainly due to subprime market in US where the borrowers became defaulters and this led to a heavy sell off in NYSE leading to liquidity crunch and many leading funds declaring bankruptcy in US.