29 January 2011

Breadth Indicator : Week Ending 28 Jan 2011

As warned earlier on this topic, breadth was bad last week and it has just got worse. Peak is still at -90% but the size of this peak and the one at -80% are worth looking at! Over 100 stocks out of 200 odd traded in F&O segment are within 10% to 20% of their lows. So you can guess most of the guys out there are underwater, and by a hell lot!

I can still imagine more selling and given the fact that things are changing for the worse in global front, the selling can become more ruthless and in-discriminant. Buying should be avoided at all costs, I can smell a over 5% fall right around the corner!


Post a Comment