Replies to post #29569 on Profunds index and sector trading (PRO)

[frenchee]

Good chart Gizmo. Relative strenght ratio analysis is one of my favorite tools to use. Thanks for sharing...

[otraque]

$RUT action is key to if we go to an intermediate bottom before any significant rally, imo.
Just a quick scanning of its chart and i hazard a guess that a close below 604 a warning, and a close below 596 a red alert for overall market(as $RUT is my canary--po'thang:)
A break below 596 would require then a ferocious bounce to its 50ma to resurrect canary and get it back on its perch, albeit sickly looking it will be.

[Namiar]

Hi Giz,

Great chart. It appears to show that the RUT to SPX ratio has returned to historical norms after getting roughed up during the bubble years.