Tuesday, May 5, 2009

RUT: Ho Hum

Here's a 5 year weekly chart that will put things in perspective.

Just another 350 points to go until it's back to the highs. Maybe it will make the entire climb back up without a pullback. (With nine weeks straight up without a pull back, the probabilities for a pull back start to stack up). But, no evidence of a reversal yet. It's still cranking.

RUT Weekly Chart:

No comments: