IWM: looks like 5 down for intermediate a

Please help me, so I can continue to help you make $$$s
Donate Button with Credit Cards


IWM update 07112014


12 thoughts on “IWM: looks like 5 down for intermediate a

    • KK, probably retesting 118 +/- 1 or 2. I think it peaked Longer Term recently. We have had now an nice abc down, where a was 5-waves, b was 3 waves, and c 3-waves. This could have been intermediate a, now in b.

  1. Here’s a situation. SPX look like forming a triangle from 1945,1985,1952,1982 and final E is on the way now.

    When it breaks out, it’d reach either 1985 or more. If that’s the case,would RUT follow up and test gap @ 1180 level?


    • IWM making new highs!? I don’t see that. It’s trending down, and yesterday may have been all for b-wave up… technicals looking weak and bleak and want to see lower lows!

  2. Hi soul, I have idea , some one like trade stock & Etf , when ever you buy stock or Etf you email
    If stock or Etf if they win , should donation a least $20.00
    That good idea soul
    Ps: if you trade qqq, IWM that better ,
    Thank you

  3. Thx. That was pretty quick response. Are you keeping OPEX in mind and hence 118 target?

    My guess is “a” Wave is not done yet and 118 bounce after 112 level


    • no I don’t think about OPEX, earnings, or whatever, I only look at price. Price says it all, news=noise 9 out of 10 times and if you read the chart correctly news is thus already baked into it.This is because price is driven by sentiment, if you’ve discovered a bullish price pattern (up), news will be interpreted bullish. and if price is in a bearish price pattern (down) then vice versa. so why then listen to news!? only confusing imho.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s