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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (1518)	12/12/1998 10:56:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

StockOperator, >>>>> Also take a close look at the chart pattern that has developed for the Russell 2000. Do you see signs of a breakdown or breakout?<<<< From the beginning of NOV when the RUT hit around 400, it has not done much. In the same time period the DOW, SPX, NAZ have set new highs, so for the time being, it is a fair comment that the RUT is lagging the other major indexes. On the other hand, the DOW has dropped about 650 intraday points, and the RUT has not pulled back as much in relative terms. Since early NOV, the RUT has formed a TRIPLE TOP around the 400 range, which slightly hints or more negativity to come, but needs more confirmation. Regardless, its a tough call. Seeya