Another bounce attempt | stockbee

4/22/2013

Another bounce attempt


After a few days of pullback market is attempting a bounce. The selling was on big breadth so any recovery will need big breadth.

If market on small caps can take out the high , it will be sign of strength. Large caps are still not much damaged and may recover quickly.

Bounce failure on small cap would clear the way for 8 to 10% correction.

3 comments:

DaveyNC said...

Where do you find your breadth data? High cap, small cap, etc.?

DaveyNC said...

Where do you find your breadth data? High cap, small cap, etc.?

Pradeep Bonde said...

I maintain my own breadth data using Telechart.