IWM: Illustration of Market Phases

In order to be a successful investor, one should know something about market phases.  There are four phases to any given market cycle -- Accumulation, Advancing, Distribution, and Declining.  From an investors perspective, we want to be invested in the "Advancing Phase."  The following chart of IWM illustrates these four phases.  IWM, which is the mirror image of TWM, is currently in its initial "Declining Phase."  Therefore, instead of IWM, TWM becomes the investment of choice, because it is in its "Advancing Phase."