FractalTrader
Long

IWM may take an extended break from the selling here

AMEX:IWM   ISHARES RUSSELL 2000 ETF
15 0 0
Many seem to think every rally in IWM             is a chance to sell. I actually agree with that, bigger picture, as the highs are in, in my opinion. Just be prepared that it could be a couple weeks, and 116 area, before the downtrend resumes. So if you were shorting at the lows, it might be risky to hold on here. SPY             has another date with the highs, IMO.
In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. - William Eckhardt
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