The extended sideways action of the market on low volume has made it very difficult to gain traction from any specific theme, much less from general areas of favorable valuation or market action.
Not exact matches
At that point, the stock was already
extended and needed a few weeks of
sideways action for a low - risk buy entry to develop.
Despite the Market's overall upwards bias, many investors seem to overlook the
extended periods of predominantly
sideways action: The late 1930s saw an attempt to breach 200, which was unsuccessful until 13 years later (1950).