btwice53190

$IWM - bull count & index ramble in description

Long
AMEX:IWM   iShares Russell 2000 ETF
Yesterday made me start to favor the bull count across the indexes, WHY? because yesterday was looking like it should have been the flush and there was no follow through. It appears we are going right back into melt up mode then we will front run a flush again for OpEx. That Opex flush is going to be wave 2 across all of the indexes, not produce a new bottom, but it will likely be violent. Either way I will stay hedged with time on contracts to catch the next melt down whether it is next week or the week before OpEx.

Either way there is my index ramble.

I see IWM as bullish. I think we will fine a wave 1 top soon (could possibly even get into 230s) then violent flush for a 2, but must hold 214 low to be valid. From there ATH's here we come!

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