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[S.I.M.O.N.]

Rut has the clearest congestion zone, 1. rut breaks out above 801 and goes to brkout trgt 830 2. collapses below 801 and below bottom of C Zone at 760. 3. gaps back above 760(aka false breakdown) so what now? TA 101 says rut is going back to 801 shortly.

[arbman]

I think $796 or 50 dma (flat) is probably a good target... I think it is very normal to expect here at least the 50 dmas to be revisited for many indices... I also think that there will be a bit more pull back after tomorrow probably for a better buying op, then it can probably test easily the 50 dmas within a few days. I expect one more shoot down and then rally. If the indices can not make to the 50 dmas, I expect the lows to be revisited, probably to 200 dmas and 1-2% lower on RUT... - kisa