12/03/2012

Markets move in direction of breadth


Breadth trends continue to be positive. As long as that continues the ball is still with bulls.


A orderly pullback or sideways move can setup for move higher from here.
As you can see we have series of positive breadth days in last 10 trading days. That indicates good buying pressure. 
The intraday volatility is largely news driven. But at end of the day breadth has continued to be positive...
Markets move in direction of breadth. Unless that changes the bullish move holds.
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