Back in 2006 the Russell 2000 peaked in May and then went through a 6 week correction in which it lost over 14% (points A to B). This was then followed by a brief oversold rally in which the Russell 2000 gained nearly 9% (points B to C) which was then followed by a retest of the June low (points C to D). After the retest of the June low this led to a favorable Double Bottom pattern in the Russell 2000 which was then followed by a strong rally from August through February. Meanwhile in the near term the Russell 2000 fell 14% from mid July through mid [...]
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[Source: The Money Blogs]
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