Saturday, April 16, 2011

Russell 2000 - Apr 16, 2011

As I mentioned in my previous post that the RUT's wave structure has confounded me.

I am proposing a different count for the long term count where we have a Cycle Size Diagonal where all the five Primary waves are ABC.

The Russell is yet to make it's Cycle Wave top, which means it has a lot of room to run higher and touch the diagonal. Wave (C) trend line can easily bring it too 1000.

Higher degree count followed by a lower degree count.


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