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July 25, 2005
Small Is Beautiful
Once again, small caps are taking the lead as the Russell 2000 ($RUT) broke to a new all time high this month. There is a steep rising price channel working and the bulls have little to fear as long as last week’s lows hold (658). A move below 658 would break the rising price channel and argue for a retracement – but not a moment sooner.
Posted by Arthur B. Hill at July 25, 2005 09:25 AM