But in my last Russell post Are You Ready To RUSSELLLLLL !!!!! I had this to say:
Right now el RUT is at 642, so this projection looks like it has a good shot at playing out. Currently I am targeting the lower end of the range (650) based on how this last wave is unfolding (using a 0.62 5th wave termination estimate I get 649)
This morning we got to 648.40 (close enough for me). And it is just kissing that long term trend line. I got into some TZA (for the swing trade) and some long term Russell shorts in my long term portfolio. Again, this *very aggressive* behavior, and I would advise to anybody else to *WAIT FOR A BREAKDOWN CONFIRMATION*. Just letting you know my thoughts.
