A correction after a big up move

The market had run up a lot in few months and so a correction was overdue. We are getting one here. This was not a big surprise, the Market Monitor was indicating this for sometime.

Type	Indicator	Value
Daily	# of Stocks Up >4% on high volume	30
Daily	# of stocks down >4% on high volume	1168
Primary	# of stocks up >25% in a quarter	2966
Primary	# of stocks down >25% in a quarter	458
Secondary	#of stocks up >50% in a month	34
Secondary	#of stocks down >50% in a month	3
Secondary	#of stocks up >25% in a month	202
Secondary	#of stocks down >25% in a month	36
Primary fast	MM 34/13 +	2511
Primary Fast	MM 34/13 -	1558

If you compare the current readings to those in my earlier post, you would see slowly the breadth is coming to normal from abnormal levels.

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