Monthly Archives: October 2017

Finally Monsieur, A Wafer Thin Mint

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I’ve been mentioning that TF/RUT has been forming some kind of bull flag that should deliver a retest of the all time highs on TF/RUT, and that bull flag is a clear falling megaphone flag on RUT that underthrew bullishly yesterday morning and broke up this morning with a minimum target at a retest of the all time high on RUT at 1514.94. The all time high on TF was made outside RTH and is slightly higher in the 1518.40 area. I’d expect both to be tested before any serious reversal. RUT 60min chart:

171020 RUT 60min

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AIG Reversal

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One of the most catastrophic drops to take place during the days of the financial crisis (sigh – – those were the days) was AIG International. Of course, the executives didn’t suffer for it –  they made hundreds of millions of dollars and were paid huge bonuses after their crimes were discovered, thanks to the US Government. Even so, the stock is a shadow of its former self, in spite of a struggle upward for the past eight years.

1020-sig

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