building a base

The IWM looks pretty decent at this stage.  It still continues to base under all-time highs and could be perceived as a cup with handle pattern.  A very large, cup with handle pattern.  The previous cycle in the early part of the year was much more bearish being that it had a lower high.  More recently we got a higher high that tested an all-time high mark before pulling back and currently holding a higher low.
Maybe some Federal stimulus that benefits the small-caps is in the cards starting 2013? :)