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Jan 11th, 2009: Quick Look at the Russel-2000

Posted by pugsma on January 12, 2010

I don’t think the upside rally for the small caps is over.  There could be some weakness in the next few days to a week in a wave iv of 3 pull-back to the 630 area.  But I’m looking for a wave 3 target near 665 later this month (Jan).   Ultimately I can see a level of 700 to 705 on the Russel before P1 is over.

60-min Chart (EOD):

Daily Chart (EOD):

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