Cinese Stocks show promise

Type	Indicator	Value
Daily	# of Stocks Up >4% on high volume	124
Daily	# of stocks down >4% on high volume	199
Primary	# of stocks up >25% in a quarter	2974
Primary	# of stocks down >25% in a quarter	465
Secondary	#of stocks up >50% in a month	30
Secondary	#of stocks down >50% in a month	4
Secondary	#of stocks up >25% in a month	158
Secondary	#of stocks down >25% in a month	52
Primary fast	MM 34/13 +	2586
Primary Fast	MM 34/13 -	1448

• In last 7 days we have seen 5 negative daily breadth days. 
• The rally is clearly under pressure and fresh b/o will have tough time following through if the selling persists.
• While the short term view is bearish long term this correction is good.
• The move was becoming unsustainable and many stocks were making moves not supported by fundamentals.
• This correction will separate the second stage leaders from the low quality stocks. 
• Like in 2003 the Chinese stocks are the leading stock. 
• NTES SNDA LFT ASIA CYOU are some of the Chinese stocks leading the growth stock rally currently.