RUSSELL 2000 INDEX - $RUT
Montly chart shows clear downside trend in place. Index remains well below bothe 8ema and the 34ema. No buy signal/pattern evident on this timeframe.
Weekly chart shows the bears came out in force this past week, and broke out of its consolidation pattern to the downside. No buy signal/pattern evident on this timeframe.
Daily chart better shows the increasing downside momentum. Index well below all key moving averages. No buy signal/pattern evident on this timeframe.
Sunday, October 05, 2008
$RUT Update for 10.05.2008
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