Sunday, November 29, 2009

Weekly Russell 2000 Printing First Series Of Lower Highs

I believe that the index that tracks small cap stocks is showing that money is finally exiting the riskier assets. We are seeing a series of lower highs starting to emerge which is how DOWN TRENDS START! Definitely need to watch this index very closely. Please note: this pattern does not confirm a downtrend yet. A solid break below 550 and the bears are back in 100% control of this index.

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