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Market attempting a breakout of range

January 4, 2012

markets made a big move in October and then settled down in to volatile range for last 2 month. In recent days the market is attempting to breakout of this range.

The breadth trends have been all over the place in last 2 month. As of now the Primary breadth indicators continue to be positive.

Underlying setups are not very attractive for swing traders. Breakout continue to fall. Many moves are small and whipsaws are common.

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