The Russell 2000 index is exhibiting a very bullish chart formation. Not only are there higher lows and higher highs, but I see an impending "golden cross" whereby the 50 day moving average is about to pierce its 200 day moving average on the upside. This tells me to buy and add to my small cap stocks now. I prefer to buy in the 680's, but waiting for this level may prove to be an expensive hesitation. All aboard!
Ok, I was early here, rut is a 518 as I write, October 22nd. I hate it when golden crosses fall down. Live and learn.
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