Low volume pullback
- Market continues to be in confirmed correction phase as per 65 days ratio.
- Market had a pullback on extremely light volume. With most market participants on holiday, it will be tricky market. Most of the action will be choppy and on low volume.
- China stocks were the star, they have been on tear since the end of down move.
- Patience is the key at this stage. Markets will set themselves for sustainable move only post holiday.
4 comments:
Can you justify what you made on China stocks?
Pradeep - what are the cutoffs in terms of price or volume you use for 65 day numbers? There must be a minimum of price or volume, otherwise you get penny stocks, how do you determine this?
TC2000 data does not include penny stock data.
This is why is said NOT to buy for a longer term play.
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