Market held up well post Sandy | stockbee

11/01/2012

Market held up well post Sandy


Yesterday was the biggest breadth day to positive side in last 31 days. Even though the indexes did not reflect much change, the underlying buying was clearly reflected in the breadth.

The indexes so far have corrected between 7 to 4% on very low breadth to negative side. That probably indicates a pullback. Can the market build on this one day breadth surge is something to watch carefully.

If breadth starts improving we might get quick tradable bounce from this level.

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