Discussion in 'Index Futures' started by rdm239, Jun 7, 2007.

  1. rdm239


    There is gong to be a bounce up tomorrow for the RUT. Its at a critical Fib point (look at a daily chart) and I really think tomorrow will be a solid positive day. Anyone else see this and plan to trade off it tonight/tomorrow?

  2. gov


    It certainly is in oversold territory, but I think the selling was too orderly today to leave much room for a bounce before the selling continues. I am on the short side at the moment; I think we may have some down closer to 815 before we bounce. Just my thoughts; they're free and not worth much more.

    I would prolly play a bounce if today's low gets a lower low then quickly rejected tomorrow, otherwise, staying short.