Even though the market has turned up today, I am still a little bearish. The breakout ratio reached the yet another historic low (http://www.screenulator.com/cgi-bin/view_screen?id=breakout_ratio) in spite of an up day. there are still many stocks had flat channel drop recently:
signalling a short lived rebound and even further decline is to come. Here is a list of flat channel drop qualifiers: ABD, AEA, ANR, AOI, AIN, ATHR, AUXL, AYR, BCRX, BPFH, BRKS, CETV, CGV, CHINA, CSE, CTXS, EFII, EGLE, ENOC, FOR, GIFI, GLBC, GNK, GPK, GRA, GXDX, HRBN, IPI, IRE, KBW, MRVL, MWA, MWW, OEH, PGI, PSEM, TBI, THC, UMC, VITA, WFT, ZGEN, WEN
See more result and other filters: http://www.screenulator.com/cgi-bin/browse_index