A straight up V shaped rally was any way lower probability event. So we are getting some minor correction so far at this level.
Many stocks were also extended, a correction here or sideways move will help them setup for further gains.
Eventually a deal on fiscal cliff will be reached , but before that there will be lot of drama. That will get reflected in the market over next few weeks. Each rumor will move the market.
Many stocks were also extended, a correction here or sideways move will help them setup for further gains.
Eventually a deal on fiscal cliff will be reached , but before that there will be lot of drama. That will get reflected in the market over next few weeks. Each rumor will move the market.
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