Did small caps find a bottom? RUT chart shows a pretty strong bounce today off the 200 dma and a close above 50% 2007 (808). Stochastics are turning up. How long this bounce lasts will depend on the ability to close above 819.71 tomorrow, 38.2% 2007 and previous double bottom support in June. A break below today's lows would be extremely bearish for the markets in general.
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on Wednesday, July 25, 2007 at 7/25/2007 09:10:00 PM.
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