1) So finally the RUT is lagging big time, contrary to what we have see all year. And I should know. Good, profitable trades on SPX or INDU have swing chopped you to death with the RUT.
2) I want to go back to the AAII chart I posted last Thursday. What is going on here is not that today is in any way significant. It's just that there are no bears in the market to squeeze right at this moment, which is what they have been doing all year. Just like there were no bears on May 24 AAII. What is happening is that trade took years off my life b/c of the strength of RUT. Had I been short SPX, would have been smoother. Now RUT is lagging and most likely it has topped out FOR THE NEXT COUPLE OF YEARS. Even if SPX and INDU make some type of new highs from here.
3) All these levels RUT 800- RUT 1100 are going to get tested with weeks and months spent in certain areas. I have all of 2014 to look forward to. Chop and churn and mean reversion and no trend. I sincerely hope you bulls enjoyed 2013. We will see how robust your systems are in the coming months.
RUT comments
Started by
viccarter
, Oct 30 2013 02:37 PM
1 reply to this topic
