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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Monty Lenard who wrote (23568)8/7/1998 10:44:00 AM
From: Peter Singleton  Read Replies (2) | Respond to of 94695
 
The Russell 2000 rally since the close Wednesday has been very strong. Throughout yesterday, and all day today (10:42EST) so far, RUT has traded at its high for the day.

Let me ask the question I asked yesterday again. Note, I don't have a position on this either way ...

What would tell us whether this is an uptick in an otherwise continuing downtrend, or if it is, at least for now, a bottom?

Anyone have any ideas?

Peter