Check out this chart from StockCharts.com for IWM
Analysis - a clear pattern emerging among the broader indices the "thesis, anti-thesis, synthesis, disillusion, forlorn hope, despair" cycle. we are at or near the extreme of the "forlorn hope" stage before descending into "despair"
Conclusion - rsi and cash flows and bearishly configured
Action - sell trailing stop
Analysis - a clear pattern emerging among the broader indices the "thesis, anti-thesis, synthesis, disillusion, forlorn hope, despair" cycle. we are at or near the extreme of the "forlorn hope" stage before descending into "despair"
Conclusion - rsi and cash flows and bearishly configured
Action - sell trailing stop
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