The sideways pattern remains

• The sell offs do not follow through.
• The buying lacks vigor.
• So the sideways pattern remains.
• Since 10th August the market has been in tight range.
• Attempts at corrections have been unsuccessful.
• Attempts at making new high has been partially successful.
• It is a tricky market. There are opportunities, but you need to be nimble.

	Market Monitor Market monitor is market breadth based market timing tool		Current Readings Market in correction.
Type	Indicator	Value	Comments
Daily	# of stocks up >4% on high volume	243	19 stocks with 100 million plus dollar volume.(M$V) Sector trend
Daily	# of stocks down>4% on high volume	19	No follow through selling. 1 stocks with 100 million plus M$V
Primary	# of stocks up >25% in a quarter	1796
Primary	# of stocks down>25% in a quarter	283	We keep hovering between 200 to 350 range.
Secondary	# of stocks up> 50% in a month	7	Not many large moves happening currently.
Secondary	# of stocks down>50% in a month	0
Secondary	# of stocks up>25% in a month	53	Back in positive territory. But again not many big moves. So post breakout many stocks are going sideways.
Secondary	# of stocks down>25% in a month	20	.
Primary fast	# of stocks up>13% in 34 days	1680
Primary fast	# of stocks down>13% in 34 days	757
MMA+	% of stocks in confirmed uptrend	57	Rapid drop from 71 to 57
MMA-	% of stocks in confirmed downtrend	18
10 day cumulative breadth ratio	#of stocks up> 4% in last 10 days/ #of stocks down>4% in last 10 days	1.17	A reading above 2 will signal bullish breadth thrust. A reading of below 0.5 on this will confirm bearish trend.