Time for a pullback in the russell 2000. This ETF is an ultra short of that index. There is major resistence at 735 on the russell. Expect some sideways movement but an eventual retest of the bottom around 650-660. At that point I will be selling TWM and letting the market tell me how it will act off this new ressitence point. If it rallies I will get very bullish if not...
I particularly like to force myself into watching this index closest during market downturns, as the russell will be the first to show strength and carry us out of the Bear market.
$80.35 (02/05/08)
