RUT SIGNAL

Interm signal still says long but short term signal has turned south...so good time to short ....but another good POP can be expected... ....so caution must be taken there too when shorting the overall index. Yesterday I moved to recent highs with the trade so nothing to scary here this morning,..but I never like giving back 2% moves... the RYPMX still looks good up over 4% this week. Actually as ov last night the RYRSX or RUT long fund is up over 5.8% this week,...and thus in a bear market...big pops do adjust and thus todays action. I still think that the markets can move up here...I think we could be settling into some sort of multi week low. So I'll look at the charts near the close. At that time I'll look at one option of moving some into cash by Monday morning so I can move into some gold or the long bond fund. This must be pretty scary for some traders,...if that is the case and you're not able to stomach holding in big moves...either way..just go on vacation and let the bullies fight it out on the playground. Meanwhile imho...this hasn't gotten scary yet...so I'm still trading it. best

60, 30, 15 minute RUT still on sells...5 minute trying to get some legs under it. Target still 692.30, where C = A basis 3/10 AM low.

Edited by peregrine, 14 March 2008 - 10:37 AM.

One clue I'm seeing is my technology stock calls are not getting hurt .

Next week should be the low, Pi cycle coming up. spx 1230 perhaps as Bensimon said in Feb.

Edited by Russ, 14 March 2008 - 02:59 PM.