MACD divergence in NIFTY charts

Last week market came down from 5200 to 4700 still analyst saying buy on declines,We know they said same thing in 2008 bear market.See chart below, am using MACD(13,26,9)in a daily chart of nifty.MACD divergence is a good signal to money in share market.

MACD EXPLAINED WITH NIFTY GRAPHS

Look reg lines marked in NIFTY and MACD graph.line starts from October first nifty closed at 5083 and in october 20 nifty closed 5114,so price moved up here,Look MACD value drop from 102 to 82 levels,So price moving up MACD moving down ,so divergence there.

There is more bearish trend which confirming big correction.See there is two MACD lines.normal and smooth once.here red MACD crossover at October 1st and try to crossover again at October 2oth and fail to do it.IT JUST KISSED AND CAME BACK.
its a strong bearish signal.

Click Graph for enlarge View