Waiting for Godot or, Barbarians at the Gate…

Posted on Jan 16, 2013 by in Letters

http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=3&mn=0&dy=0&id=p18832448732&a=229975465

 

IWM looks to us like a promising chart.  It has just broken out from what could be a significant base.

It, like everything else, is waiting to see if the House of Representatives is going to play chicken at the debt ceiling cliff (like James Dean, rebels just because... because what we don't know.)

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