Monday, August 11, 2008

RUT: Bulltards Gone Wild

The RUT is moving up strong and so far looks like it wants to do a 100% retrace of the June move down. Next stop 764? It's ignoring resistance at this point, but we'll see it kick in a some point -- just don't know when so watch the charts carefully because the pull backs may be even quicker then he moves up.

RUT Daily Chart:

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