The Russell 2000 (RUT) is right at the 50/50 point and in total balance on the retrace working off the long term move up. This, along with the Value Line Index (VLE) discussed last weekend gives me a much better feeling about the market long term.
Chart courtesy of Stockcharts.com
Post Modified: July 3rd, 2008 at 12:27 am
Tags: Price Retrace · Price-Time Balance · RUT · Square Out · VLE1 Comment
1 response so far ↓
So will the index go up ? time would tell.