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S&P 500
5,537.02
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0.51%
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US TECH 100
19,642.40
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0.84%
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Dow Jones
39,308.00
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chainik

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chainik

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Re: Lone Ranger post# 2592

Friday, 03/06/2009 10:11:40 AM

Friday, March 06, 2009 10:11:40 AM

Post# of 2663
I think TA is useless for trading RSX. Small manipulated market; Putin says something - the market is up or down 10%. The market is also very sensitive to rouble, which IMO again is not suitable for TA.

The bigger picture is clear IMO: US market is close to a bottom, RSX is holding well, the price of CDS against Russia default is down. RSX is mostly about commodities, and IMO commodities will outperform during the rally.

Looks good.
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