Sunday, October 03, 2004

Russell 2000 breakout is significant

chart courtesy of

Russell 2000, small cap index broke out on friday, after a 7 month consolidation. This is a strong indication from that Market that it want to go higher. If this falls below 575 . then it's a false breakout. Posted by Hello

Friday, October 01, 2004

SOX Breakout

SOX breakout chart Posted by Hello
Semiconductor Index has broken out of its trading range. It looks like the market might push to the upside since semicondutor going up creates bullishness in traders.