Thursday, August 9, 2007

RUT Doji

The RUT put in a good day of noise and settled into the middle of today's range to form a doji. It showed lots of relative strength and did not participate in the late afternoon selloff as seen in the other indicies.

Support levels to watch tomorrow are at the 10MA daily of 777 and some fib support at 770.

The RUT was only off 10.78 points (-1.38%) today, and the doji gives us absolutely no clue about the direction we may see tomorrow.

RUT 1 Year / Daily Chart

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