Replies to post #8447 on ajtj99's Market Pulse

[ajtj99]

RUT may want 545, which is just above the upper BB on the monthly chart and a double (or triple) top:

http://stockcharts.com/def/servlet/SC.web?c=$RUT,uu[h,a]maclyyay[d19900111,20030911][pb20!b50!b200!c...

552 is the .786 re-trace off the all-time high and lines up with COMP 2065 at the rate of ascent off the 1108 COMP and 324.9 RUT lows.

[Justa Werkenstiff]

Looks like my concern for the Russell 2000 earlier this month was spot on. Here is a chart I developed of what I am looking at now:


http://stockcharts.com/def/servlet/SC.web?c=$rut:$vix,uu[r,a]whcaynay[pb20!b50!b200!c20!d20,2!f][ilb....