Stockbee: Another bounce attempt

Another bounce attempt

April 22, 2013

After a few days of pullback market is attempting a bounce. The selling was on big breadth so any recovery will need big breadth.

If market on small caps can take out the high , it will be sign of strength. Large caps are still not much damaged and may recover quickly.

Bounce failure on small cap would clear the way for 8 to 10% correction.

3 comments :

DaveyNCApr 22, 2013, 6:29:00 PM
Where do you find your breadth data? High cap, small cap, etc.?
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DaveyNCApr 22, 2013, 6:29:00 PM
Where do you find your breadth data? High cap, small cap, etc.?
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Pradeep BondeApr 22, 2013, 6:33:00 PM
I maintain my own breadth data using Telechart.
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