5 day breadth ratio see big improvement | stockbee

10/11/2011

5 day breadth ratio see big improvement




The rally continues with broad based buying. At this stage a sideways move or small correction will not be out of character .
Unless breadth deteriorates (500 plus days back to back or big 1000 plus day to downside) this move still has legs.
Skepticism about rally and sentiments being bearish will probably act as a fuel.
But moves are still volatile and you need to keep small profit target in mind.
If the move fails you will get ton of shorts.

No comments: