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Post# of 51853
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techcharter

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techcharter

Re: techcharter post# 43168

Tuesday, 03/09/2010 4:38:14 PM

Tuesday, March 09, 2010 4:38:14 PM

Post# of 51853
Holding my breath on RUT

RUT climbed very close to forcing a recount. My primary count is Bear market zigzag from March '09 June '09 /July '09 is wave b. Since then wave c is an ending diagonal.

The alternate count, and maybe the true one, is a double zigzag.
Wave b is September '09 high into the end of October '09. Wave c is a nearly completed zigzag. I'm actually starting to like this count better because the rally out of the February '10 lows is sharper than the rally out of the November '09 low.

In general. The VIX is back near the lows when the January '10 selloff began. Stochastics are overbought. Relative Strength is also overbought.



http://stockcharts.com/h-sc/ui?s=$RUT&p=D&yr=1&mn=2&dy=0&id=p35694409933
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