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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • IWM Ready To Kiss Resistance? 0 comments
    Nov 29, 2012 4:22 PM | about stocks: IWM

    IWM, the Russell small cap ETF, broke under long term trend line support earlier this month. It has rallied back to the trend line. A failure here would likely suggest more downside to come.

    (click to enlarge)

    Here is a closer look at just the last twelve months:

    (click to enlarge)

    Stocks: IWM
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