Replies to post #13733 on Short Term Trading Member Forum

[golfin]

Say goodbye to the markets if we trade back near the bottom of this channel.

[airedale88]

belt, good observation. both RUT and NYSE Comp were the leaders. i think we have the same scenario we had at the late april 40 wk low, some sectors may bottom out of synch. i went long but will wait to leverage up heavy after the 1 st pullback to see how it reacts.

[Blackbelt1]

When I wrote that the market may be overemphasizing the $RUT, I didn't mean this in any way as a snub against MRUSA who has been doing great work. What I meant was that perhaps the $RUT has become a bit too obvious now to the broader market, causing a stampede to the upside--and therefore a possible trap.

The other alternative is that various sectors are reaching 20-week lows in a staggered fashion--as we have seen during the last few market lows. If this is true, the rally gets rolling next week.

If this is a trap, then Cash's G1 80-w low could come into play in a mighty way.

I think this covers about every conceivable scenario. :)

Blackbelt