Transition in to correction mode | stockbee

6/09/2011

Transition in to correction mode


Market had big rally from September 2010 to February 2011. Then a sideways range developed and that lasted for 4 months. Now we are transitioning in to a down move.

In the short run there will be counter trend bounces but they may not stick. More selling is likely to resume post such reflex bounces.

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