Monday, August 27, 2007

RUT Holding Sideways

The RUT has continued to move sideways in a 25 point channel now for 7 days. This price action is consistent with it's normal behavior, but it also has us wondering which way it's going to move next. We're equally prepared for a move up or down as the chart supports both at this time.

RUT 1 Year / Daily Chart

Sorry for no chart, having issues with Cox Cable today, hopefully they'll get their act together tomorrow.

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