News Focus
News Focus
Followers 32
Posts 2835
Boards Moderated 0
Alias Born 08/19/2005

Re: CaribbeanJim post# 43250

Sunday, 08/05/2007 5:45:18 PM

Sunday, August 05, 2007 5:45:18 PM

Post# of 79026
Bounce...

We'll get one, maybe on Monday, or alter in the week for sure. What concerns me is that the long term charts, the weekly and monthly, are now bearish and the long term trend line (support) for the daily chart, that began with the 2003 bull market, has been broken for the $RUT. Certainly the market will oscillate up and down, and there will be tradable signals in both directions, but the main trend may be down.

Chico

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today