Another Gap Marks Another Bottom
It was all about the Dow Jones Industrial Average Tuesday and how the index popped to a new all-time high. I certainly got that one wrong as I had been looking for the Dow to stall at the 14200 level, home of its October 2007 highs. It certainly didn't. But my Dow call wasn't totally worthless, as I was looking for that new all-time high to be unconfirmed by everything else, at least in the sense that nothing else was expected to make a new all-time high. I wasn't disappointed because not only did nothing else make a new all-time high, but also the Russell 2000 (RUT) still hasn't returned to its gap from Feb. 20 or its all-time high from Feb. 19 at the same level, 932.
RUT: Still no net progress since Feb. 19. Source: optionsXpress View Chart » View in New Window » ...722 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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