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Russell 2000 (IWM) Biding Time Prior to Retesting Lows


Wednesday August 9th, 2006
Russell 2000 (IWM) Biding Time Prior to Retesting Lows
by Mike Paulenoff www.MPTrader.com
Let's notice the series of lower lows and lower highs off the May 5 high at 78.02 in the iShares Russell 2000 Index (IWM)....If my work proves correct, then the IWM is biding time prior to a plunge towards a test of the June-July lows at 66.55/35.

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