Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Vendit™

To: Vendit™ who wrote (98300)	11/8/2017 5:27:06 AM
From: GROUND ZERO™	1 Recommendation Read Replies (2) of 223011

I definitely agree, the NAZ is still very much on track... the only concern here is the RUT, it broke down below a key point yesterday and closed below it... that has to be unsettling for those holding long positions in that market, unless of course they're a long term buy and hold investor... for me, I see that weakness below key support as troublesome, at least near term... Certainly it could rally and recover, I don't have a crystal ball, but as Carl Swenson would say "technicals are more of a windsock and not a crystal ball," that break down yesterday in the RUT clearly suggests heavy weather and turbulence may well be approaching that market... GZ

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