RUSSELL 2000 INDEX - $RUT
Monthly chart shows bulls managed to hold the March 2008 low support. Current resistance is right at the 8ema and 34ema. 
Weekly chart shows the index finding resistance at a key LIS where "old support becomes new resistance".
Daily chart shows profit-taking on Friday. Possible 5 waves up into LIS. Expect further profit-taking next week as likely.
Sunday, May 04, 2008
$RUT Update for 05.04.2008
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