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       #Post#: 92--------------------------------------------------
       Russell 2000 Falling Through Neck Line
       By: fxvictory Date: October 11, 2014, 10:15 am
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       Here is a Great Graphic of the Russell 2000, created on
       Bloomberg. After a big advance it appears to have carved out a
       topping pattern of sorts. It could be a head and shoulders top
       or some other kind of triple top.
       The importance of such technical patterns is in the measuring
       objective it implies. It warns of potential of another 4%-5%
       decline toward 1000-1020.
       The 38.2% retracment objective of the rally since November 2012
       is found just above the measuring objective at 1041-1042. The
       50% retracement is just below 989. There have been bearish
       divergences in the weekly RSIs for the entire year, so may not
       be significant that it has now fallen to three-year lows. The
       MACDs also show this bearish divergence this year and it too is
       at three-year lows.
  HTML http://www.traderslog.com/wp-content/uploads/2014/10/rusesell-2000.gif
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