Final Comments, 21/1/2010

Here's the regular 50-Leaders Oscillator Chart that I show.

The number of stocks under the 10-Day MA is still not down to the Oversold level. The number of stocks under the 50-Day MA is still quite elevated. Not down to a level where you might say - yes, that's far enough, it might go up now.

So a bit more chop - a bit more sideways to down action looks on the cards.

We'll see what the next few days bring.

Cheers

Red