iwm

with todays action it appears that another impulse leg down is coming in the iwm the first leg was about 9 so maybe the second leg would be about 15 hard to say im watching because if it takes out the lows here convincingly without a bounce then some heavy selling is coming into the markets imo. all fwiw

Thanks G Glad I happen to look over here I might have missed your thoughts. Im thinking down about 40% more then decent bounce before a more severe decline. After the close in your review did you have any other thoughts?.. Thanks

If we take out the 11w area convincingly here on increased volume I think it is going a lot lower right now. This bounce so far is anemic I want to look at the charts this afternnon when im home . All the best

im looking at it today, one of two things we either completed 1 wave down on the 17th and are in a bounce now which should rally back up to abouut 116.5 or we had a very weak bounce and are heading down in a wave 3. if we take out lets say 111.5 the odds would be high we are in a wave 3 down and i would expect some heavy selling since we had such a weak bounce. dont know which way its going to go to be honest its weak as heck but that can change. good trading