Sunday, January 25, 2009

$RUT Update for 01.25.2009

RUSSELL 2000 INDEX - $RUT

Monthly chart remains weak with no buy signal/pattern evident on this timeframe.

Weekly chart remains weak with no buy signal/pattern evident on this timeframe.


Daily chart shows the index remains stuck in a trading range since the low of November 21, 2008. Look to next week's trading session to see if the bulls want to make a run to re-test the January 6, 2009 high.

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