Just showing how I think IWM is once again the leader, and if we head down from here or after a continue false bounce, rotation to safety could be cash, not big cap. IF THERE IS A DOW SELL SIGNAL, watch out below. If not, we may head sideways with volatility, which would make day traders extremely happy trading those channels. Showing XLE, green line, sorry a lot on here now, but relationships are important (but that's another conversation), it has a little more room to run lower also, to its major decade long trend support line, and maybe an oil demand growth equalibrium (fracking) . So they may all work together in the ABCD pattern, and when oil reverses we stable out, or reach our correction low, after Nov 7th. being pretty specific here, but each time a compare and see this, it makes more sense. So my choice is to buy TZA during this little bounce and ride it lower to "D". But this is just my humble opinion, and maybe I like this trade a little too much. CHINA GDP HUGE TOMORROW. :)
