Short term bottom for the IWM

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.

cheers,

 

chart

 

Maybe this will help in your bottom picking....
As of the close 10-12-05; little more extension in spike today...

 

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And looks like uptrends resuming for AAPL,QQQQ,
semisector group. ;
much potential for further strength , typical bull market

DIA still looks weak but may creep sideways or
even up if much else uptrends .

 

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.