2007-3-20 2006-10-31 Even though it may be hard to believe, when looking at the Russell 2000, S&P 500, and Dow Jones Industrial Average, the recent pullback that started in July has actually been quite healthy. When looking at these three indices, it is easy to believe that the low for this correction was on June 12th. You can think of the rise from June 13th to the beginning of July as the first leg higher in what may become a burst of momentum to the upside. Often the first leg is not as powerful as the second leg higher. Today, was very possibly the lowest close we will see for the recent correction that started in July. 135160 text/html http://www.nasdaqwizard.com/midweek071206.html 1.0 EN index,follow Even though it may be hard to believe, when looking at the Russell 2000, S&P 500, and Dow Jones Industrial Average, the recent pullback that started in July has actually been quite healthy. When looking at these three indices, it is easy to believe that the low for this correction was on June 12th. You can think of the rise from June 13th to the beginning of July as the first leg higher in what may become a burst of momentum to the upside. Often the first leg is not as powerful as the second leg higher. Today, was very possibly the lowest close we will see for the recent correction that started in July. text