AMEX:IWM   ISHARES RUSSELL 2000 ETF
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All of the Indexes are approaching their PRZ on a Monthly time frame. If you trade harmonic patterns , you know that a pattern on a longer time frame is quite reliable. I have posted Monthly charts for the DIA             and SPY             . They both are close to their PRZ's as well. I will short the market once we tag the PRZ's. Until then I will be buying dips. We are very close to a reversal point though. As always the 38.2% extension will be the first target. If we reverse here great. If not look for us to tag the 61.8% extension. There is very strong support at the 61.8% extension, which leads me to believe getting there is possible.
Yes I agree in chart, targets and text ;)
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