The market continues to be in correction mode | stockbee

5/29/2012

The market continues to be in correction mode



Nothing in this brief buying phase indicates trend change. The market continues to be in correction mode.

Weak buying so far does not set us up for a enduring rally. Big rallies start with big breadth thrust.

We have not seen a 300 plus day to upside since start of correction. That indicates low buying interest. Even counter trend rallies in bear market have higher breadth days than we have seen so far.

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