June 18, 2014

Market outlook

Yesterday's pullback fizzles out and fails as markets fail to sustain at days highs and sell off. This sell off was most visible in midcaps where many stocks lost 5% in less than an hour today!.

Now markets are back to trendline support ... since we have a minor swing low at 7480, a close below this will lead to correction.

Better to stay out of market and do nothing rather than do something and wish you did nothing.

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