Breadth has deteriorated
September 16, 2014
Slow selling in last 9 days has resulted in steady deterioration in breadth. however selling is slow motion selling so little bit of big buying can lead to bounce.
Same thing you can see on $bpnya
Number of recent breakouts have failed immediately. The large cap indexes holding relatively well.
Against the backdrop tactical adjustment in trading swings is required. Lighter commitment till range resolves is my plan.
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