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Strategies & Market Trends : January Effect 2005
IWM 269.79+0.7%Jan 22 4:00 PM EST
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To: semi_infinite who wrote (42)1/6/2005 7:43:56 PM
From: RockyBalboa   of 76
 
I am paying a hard look at the r2k. if it found a bottom, ... here... its has now a 6% drawdown from day1 (so has my portfolio too ~ around 3% from paid prices despite some outright gains like IBD - +72% and others). But..., in select issues, buyers seem to come back. Today was a day where the r2k index tried some sort of rebound, unfortunately they shot it down and it trades nearly flat. A 600 retest next?

some of the smallcaps look really bad now. I didn't even think that alsc tests 3 a now low, and also other semis are thoroughly weak.
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