4 replies to this topic

[ChartSmarts]

I'm thinking consolidation between fib supports, then off like a rocket. Anyone else watching the DBL INV RUT?

[ogm]

I'm thinking consolidation between fib supports, then off like a rocket.

Anyone else watching the DBL INV RUT?

I'm watching. I've been posting TWM chart for a while. What I'm thinking right now, there is a good chance we may pull back and retest that wedge breakout.

I was buying it at near the bottom, but sold everything yesterday. If you look at RUT weekly chart we're sitting right at weekly support and 55 EMA. Can go either way of course, but not a bad chance for a bounce.

[ChartSmarts]

I was thinking we'd retest the breakout and fill the gap earlier, but I just don't think the RUT's got it in it now.
We are watching the same levels though. It's only a matter of time


http://stockcharts.c...1120&r=3646.png

[TTHQ Staff]

Looks like bad data on the Daily. 78.74 not the high.
here's the 10m

http://stockcharts.c...0602&r=2060.png

[ogm]

Internals starting to improve. RUT usualy trades with the a/d line. A/D starting to get positive. My 60 min summations are firming up and will turn within a day or 2, after that we'll recycle up. I think RUT will be strong over the next week, at least for a while. Bought some UWM... the opposite of TWM.. with stops at the lows.