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Saturday, October 20, 2012

Retracement or Beginning of Swan Dive

$RUT 20121019


The $RUT got within $0.07 cents of its previous high back in May 2011. It has currently rolled over on the Sto's and the MACD. This currently looks like a big double top. Maybe its just a brief retest and pullback before going higher. I think with the intense weakness in the US market today, there might be more downside to come. . . .

http://blogs.stockcharts.com/canada/2012/10/russell-where-did-you-put-the-floorboards.html

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