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Blackbelt1

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Blackbelt1

Re: mrusa1992 post# 13194

Tuesday, 08/02/2005 9:28:48 PM

Tuesday, August 02, 2005 9:28:48 PM

Post# of 51861
Mr.USA: If the 10-week low came in June 27, wouldn't a peak this early be considered left translated? And if left translated wouldn't that bode ill for the current up channel holding on the $RUT? In other words, if we start a retrace this week, couldn't we conceivably see the channel broken and a retrace to 650 by the end of August?

All questions that only time and the market can answer definitively, but would like to know your reasoning--especially concerning the early peak.

Thanks!

Blackbelt
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