Friday, May 21, 2010
Russell 2k bounce
The RUT bounced right off its 200 day ma. even tho the SnP broke thru it's decisively at 1102. At this point the charts are still aimed down. I would think we will make new lows yet, at least tag the 1050 - 1044 area of the SP, low so far today is 1055.90. And a close on the dow below 10k. But the internals are quite bullish TRIN at 61 both nas and sp. ADD at +1300 and positive tick and rising.
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