Thursday, November 20, 2008

RUT Levels

The RUT fell another 27 points today to close at 385.31. The RUT is now just 35 points away from the 350 support area.

The market movement is certainly showing panic and the trend continues to be straight down. The RUT now seems to have it's target on the 350 area as there is little support prior to that area. Should it break below 350 before supporting then 310 is the next likely support area.

RUT Monthly Chart:

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