A sideways correction | stockbee


A sideways correction

Markets made a big move from December 2011 to around first week of February 2012. Since then they have settled down in to sideways range. The correction so far has been less than 5%.

The underlying action on many stock continues to be sideways, they continue to hold on to bulk of their gains. Some have reversed , but that is to be expected.

For intermediate term swing trading it is not a good market on long side. Breakouts are having selective follow through. 

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