The Russell 2000 closed above 1,220 for four consecutive days.
[Oddly, sometimes IWM would slip a little, but the Russell managed to keep itself clawed on.]
Is this not something to keep technical analysts awake all night?
I think that we are in the right place at the right time.
Yes, the US economy has its problems.
However, the rest of the world - Europe and Japan - is screwed up so much worse than we are, that they are, perhaps almost in a panic, sending their money here.
If this is true, the Russell 2000 should keep going up & up.
‘[S]o just BTFD’ ~ Onward Skyward
I have no idea what that means.
But it must be extremely important.
So immediately I grabbed the phone and ordered a dozen May 2015, call options strike Price $1.25.
Cost me about $3K for options on 1200 IWM shares.
Thanks for the tip.
I owe you a beer.