Tuesday, November 13, 2012

No respite on selling

Markets continue to sell off.  No respite on selling.  What is disturbing though is that the breadth numbers I track are not at extreme territory despite  the sell off.  This means there is more room to downside.  Short positions have continued to work well.  We are in a zone where a bounce could materialize.  But watch the price action of the Markets and do not make any assumption.  The market is in correction and it needs to be played out.  Patience is key.

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