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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (2444)	4/17/2023 9:09:32 PM
From: Bull RidaH	1 Recommendation Recommended By yard_man Read Replies (1) \| Respond to of 4446

$RUT - An astute little birdie suggested it's time for an R2K update. It's been something in the back of my mind considering the recent underperformance. With R2K, the key pattern driving action appears to be a parallel channel over the past 5.5 years. The 2nd touch on the lower parallel line was just recently met as well as solidified during last month's correction. I suspect this index is lagging, because turkeys FLY LAST in a windstorm, but worry not, because they still amaze at how high they fly before it all ends. What SHOUD happen NOW, is the one of the great rallies of all time, that takes the index to the target of an upside channel break. Best current estimate of that target, ideally met this summer but potentially later in the fall, would be around 4022.