How will this move end? | stockbee

5/31/2012

How will this move end?



With a big breadth thrust.

So far it has not seen brutal selling. That kind of selling leads to capitulation bottom. Low intensity selling is more in line with correction after a big up move.

So far the Primary indicator has not reached extreme zones indicating probability of  bottom forming. More time spent in range might create that bottom.

So far the market has corrected around 8%. Overall US market is holding up well compared to other markets.
The low breadth on the move down indicates possible view by funds that the Europe crisis may not dent US.

It is time to start making tentative buy list. 

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