claydoctor
Short

IWM MACD levels are telling

AMEX:IWM   ISHARES RUSSELL 2000 ETF
54 0 0
So with the recent spike in the IWM             and markets, it really tests your belief in the bear here. Watching very carefully today and tomorrow's actions, geo             political, Ukraine effects, DAX             response and level of 9,000. HOWEVER, very revealing, although we are at same levels, see strength levels purple lines, as we were 11-27-13, the MACD paints a different picture. If we break back down below the first long term trend line at 112.44, and especially if we break down below the second long term trend line (depending on what past point you draw the line) at 111.77, we confirm the rather large and extended bear flag , and implies a rather large an extended pole down to ??? see lines and options on chart. Don't believe we meander here or consolidate, VIX             spiking, september rocky month ahead. So if we go higher, despite the MACD , then we go much higher. But I am short the IWM             , and committed to that. Hey, lets all be careful out there.
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