BATS:IWM   iShares Russell 2000 ETF
3
I say mania because this market right now is skidish, cantackerous, (fill in the blank). But this chart of mine, been using it for a while tracking IWM, and, well IMO - IWM can either about face or continue to the little blue triangle. How's that for sophisticated trading lingo dues and dudettes? I used to follow it more closely, but now just use it an indicator because I feel the stocks in the S&P 500 represent the world view right now better. Tech is not so important at the moment, with OIL so much the leader here. This channel has been like gravity, it gets outside of it now and then but its core trend lines pull it in. And gravity is getting ready to take hold once more, and IF IT DOESN'T wow the upside could be huge here. Hey, anything can happen these days, and usually does. The money flow in might be a lull/valley low with another hop higher, or could be weakening. But if Mr. Bollinger has anything to say here, we are reaching the end of a bull run out of a constructed area, by time and price if the recent one has relevance now.
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