Russell has sideways consolidation | stockbee

2/29/2012

Russell has sideways consolidation


Bull markets don't go up in straight line. There are pullbacks, consolidation, shakeouts.


Currently we are witnessing a sideways correction.
Can it develop in to a pullback, possible. 
But will that be end of the bull market? Unlikely. 
The underlying buying and setup and the kind of stocks leading point towards a likely hood of bull move continuing after any pullback.
Short term market vulnerable to correction unless we get a breadth thrust.

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