Some signs of stabilization | stockbee

9/14/2011

Some signs of stabilization

The market is attempting a botom formation here. After the big down move, selling has not been severe and every time there was selling buyers are stepping in.

More stocks are going in to sideways bases. From such bases a new bull move can start. If the market spends more time going sideways, it will be better. As of now it looks like a good setup for last quarter rally. The momentum scans have started showing some good setups. That universe should expand if the market puts in a bottom here.

But it still remains very volatile market. The volatility has to drop for meaningful bottom.



1 comment:

Sdegnolo said...

Hi, yes there're signals even if volumes don't convince me yet. By the way, HANS is one stock I am monitoring carefully.