The market is going through a bit of a treacherous phase and I say that because the index is fine but there is a bit of a distribution on in the midcaps and that has happened in the past especially after a huge rally and especially if the rally has been driven by the poorest of quality stocks. So what you are seeing right now is clearly that distribution were at higher levels, those stocks are being sold and my sense is that today, tomorrow could be a bit of a ugly day for midcaps once again.
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