Cinese Stocks show promise

Type	Indicator	Value
Daily	# of Stocks Up >4% on high volume	124
Daily	# of stocks down >4% on high volume	199
Primary	# of stocks up >25% in a quarter	2974
Primary	# of stocks down >25% in a quarter	465
Secondary	#of stocks up >50% in a month	30
Secondary	#of stocks down >50% in a month	4
Secondary	#of stocks up >25% in a month	158
Secondary	#of stocks down >25% in a month	52
Primary fast	MM 34/13 +	2586
Primary Fast	MM 34/13 -	1448

In last 7 days we have seen 5 negative daily breadth days.
The rally is clearly under pressure and fresh b/o will have tough time following through if the selling persists.
While the short term view is bearish long term this correction is good.
The move was becoming unsustainable and many stocks were making moves not supported by fundamentals.
This correction will separate the second stage leaders from the low quality stocks.
Like in 2003 the Chinese stocks are the leading stock.
NTES SNDA LFT ASIA CYOU are some of the Chinese stocks leading the growth stock rally currently.

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