Thursday, January 24, 2008

RUT Finds Resistance Near 705

The RUT Opened strong with the other indices, but once it hit the 705 resistance area it curled it's tail and drifted lower for the rest of the day. It was the only index to close negative albeit only by .71 cents.

Tomorrow the RUT will likely chop in this area again -- Person's Pivots are calling from a support and resistance range between 685 and 703.

RUT Daily Chart:

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