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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.

Wednesday, September 24, 2014

IWM - 5yr Weekly


A lot of media analyst have been making a big deal about the Russell 2000 breaking it's 200 Daily SMA. Yes it has broken that level only to find the 20 Weekly SMA for near term support. This is a great lesson in looking at multiple time frames to find trading points. This possible rolling over of the small caps could be the bieginning of the end which is definitely worth watching.

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