Friday, March 21, 2008

$RUT Update for 03.22.2008


Monthly chart shows no clear buy signal/pattern at this time.

Weekly chart shows early bulls stepping back into the market last week. On a short term basis, look for continuation higher, to retrace the last leg down from the double top.

Daily chart shows small consolidation range. Is this a wave 4 for lower? Look to next week's trading activity for better sense of direction.

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