Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Friday, March 28, 2008
Adding to IWM Puts on today's bounce
This 3 month chart of IWM shows the trading range we've been stuck in pretty well. The interesting thing is the IWM has been the strongest of the indexes off the January lows. Therefore could one reasonably postulate that if the "strength" fails the rest bails? Bottom-line here is if IWM cannot muster enough bullish strentgh to bust above 70.60 today and makes another lower high or breaks below 68.97 to make another lower low.......LOOKOUT BELOW!!!
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