Friday, January 25, 2008

RUT Levels: The Strong One Today

The RUT help up well today closing down only 4 points (.059%) compared to the rest that all closed 1.25% or more.

The price action has stayed within the range we might expect as seen on the charts. It's holding up nicely, but it will take some real buying to get it up and over the 705 area.

I remain short term neutral until the RUT either cracks above 705 or it slips to close below 685.

RUT Daily Chart:

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