the only index of which colin twiggs had anything positive to say in yesterdays diary was the small cap index. all other major indices appear bearish....
From his diary yesterday:
Small Caps
The Russell 2000 Small Caps index is whipsawing around 730. A fall below 718 would warn of a test of primary support at 645; while recovery above 765 would confirm the primary up-trend. The ratio to the large cap Russell 1000 is rising steeply, indicating that small caps are firmly favored over large cap stocks.
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Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 26,683 | 0.00 | 0.00 |