08 January 2011

Breadth Indicator : Week Ending 07 Jan 2011

Only 3 days of selling and breadth has totally given up. This time the selling has not only been in broader market but also in the front liners. Volume picked up after the holidays which was expected, but disappointingly for bulls it was on the downside. Peak shifted from -30% to -80%, 152 stocks are trading below their average and only 34 above theirs.


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