Market is stuck in a wide range just near recent high | stockbee

5/23/2011

Market is stuck in a wide range just near recent high


Another week goes by but the story remains same. Market is stuck in a wide range just near recent high.
Both camps can not find enough momentum. Selling does not have sustained follow through. Buying does not have follow through. So from day to day we gyrate up and down.
Today we are starting with a overseas weakness. So let us see if the bears can pressure the tape.




Legend
Price , green candles = breadth thrust 2 plus
tiny lines running along x axis of price pane, green 300 plus day, red 300 down day
yellow & aqua 13/34 difference
green & red 25/65 difference
bottom pane, breadth thrust, green is above 2,red is below 0.5
From a   Stockbee member

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