RUSSELL UPDATE

So far the breakout has taken hold of the scene in the Russell 2K. The breakout I was suggesting was just above the 710 level, with a no-doubt-fill at about 712. I mentioned I did not take the trade b/c I could not find a decent stop-loss/profit ratio. I thought a good stop would about $600-700, just below recent lows, but no profit point in sight....perhaps that was diciplined, but right now the Russell sits at about 721-722 (about $1000 in the money. That's good, but not even a 2:1...I like to trade at a minimum 3:1 to my money...meaning that if I was going to risk $700...I want to see a potential $2100 gain. I didn't see it. So...until it gets up to the 731 level, I will keep my head up.

Good luck.

Andy