Michael Huang
Short

IWM is breaking down, Betting short

AMEX:IWM   ISHARES RUSSELL 2000 ETF
123 0 3
Currently the market is overbought and there few good deals left. The IWM             is starting its long fall. I am betting that it will fall to 110.50 with a stop at 119.90. Generally speaking the volume is so low now because no one wants to buy at this level. The technicals look very grim for IWM             . Most stocks are priced higher than what they will probably earn over the next 20 years. That is way too expensive. The market needs a significant pullback so good companies can be attractive to invest in again. Risk to reward is favorable for shorting currently.
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