Ingredients are lining up for a sustainable move | stockbee

9/15/2011

Ingredients are lining up for a sustainable move

Market is stuck in a range. Moves on both bullish and bearish side have lasted for 3 to 4 days. Will this time be different.


More time market spends in this range the better it will be. That will ensure the next leg up or down is big.

The sentiments are now starting to favor bullish case.


For the first time you see sentiments flipping to bearish in recent weeks on the Investors Intelligence polls.



Ingredients are lining up for a sustainable move, but the volatility is too high and as of now only handful of leadership stocks have started showing up. It is still news driven whipsaw action.  

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