I know alot of you follow the S&P 500 and Nasdaq, but I have never heard any of you regulars say anything about this index.
The problem with the Russell 2000 is that it is a very broad index with many of its components trading very small volume (sometimes less than 100,000 shares). Many of these stocks are driven solely by institutional supply and demand often based on fundamental analysis rather than overall market momentum. For longer term trading it may prove useful to some, but for daytrading I find it a rather insignificant indicator of momentum as I primarily trade small/mid-cap stocks. DeeMan