Tuesday, October 23, 2012

Market indices tumble once again

Market indices took a big tumble today.  For such a huge drop in the indices the breadth numbers that I track was extremely low.  Having said that the Market was also rallying on extremely low breadth.  All of the leading stocks are now hit hard and would take time to setup.  Any bounce is an opportunity to sell short.  Looks like more pain before a gain.  At this time remaining in cash is the best bet!

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