Monday, April 20, 2009

A Sign of Things to Come?

I've been tracking the RUT so far this morning. This puppies down over 3% in 20 minutes. It's been awhile since I've seen the RUT undergo a selloff of that magnitude that quickly. To me, this at least signals a short term shift in momentum/sentiment. As a result, I would anticipate this retracement to be deeper than any other we've developed since the March bottom. We shall see...


No comments: