Short term bottom for the IWM

Discussion in 'Technical Analysis' started by reno4nook, Oct 13, 2005.

  1. I'll go out on a limb here and predict we've reached a short term bottom for the IWM.

    All I'm saying is that I expect little potiential for further weakness in the next couple trading days. Nothing more.

    This chart is intended for day and short-term swing traders only.

  2. chart
  3. Maybe this will help in your bottom picking....
    As of the close 10-12-05; little more extension in spike today...
  4. ================
    And looks like uptrends resuming for AAPL,QQQQ,
    semisector group.:cool: ;
    much potential for further strength , typical bull market

    DIA still looks weak but may creep sideways or
    even up if much else uptrends .
  5. was tempted to take profits - but with the VIX closing right near it's low for the day, will wait.

    Expect to sell IWM shortly after the opening bell on Monday.