Friday, December 02, 2005

Russell 2000 looks strong and brokeout

(Click chart to enlarge)
Russell 2000 looks strong here, and went up on good volume(as measured by IWM, the small cap ETF). It cleared the thin redline at the top of the chart, which was its prior recent high.
It looks like the market will continue its uptrend with pullbacks here and there. But watch for trend reversal(downtrend)!, since there is no certainity in the market. it's all about collective psychology.

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