Monday, May 14, 2012

Skipping Stone Pattern Completes

Russell Goes Kerplunk
Today the Russell finally cracks the low end of the range that established a key pivot on 03/06.  It's been obvious from the lack of market direction that the sentiment has been risk averse, but this may just crack the back.  Unless there is follow through however, this as noted many times is still a range and could easily gore over exuberant bears.

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