Monday, May 19, 2008

Intraday Update, May 19, 2008

Good time to buy TWM today at 68.25 or better.

Remeber that this is an Inverse ETF, meaning that it
will move inversely to the market.

4 comments:

Aurelien said...

Looks like a great call so far Will!!

I bought an IWM put near the top after reading your post from last night, but before I saw your most recent post.

It will be interesting to see how far down the market goes. Futia is thinking 50-60 on SPX, which would likely mean 4-5 on the IWM.

Anonymous said...

I have it at 68.24. Thanks, Will.

MarkM

Anonymous said...

That was also my question, how much lower to expect, is it a minor dip or full trip to oversold levels?

Will Rahal said...

I am glad for those who benefited from the intraday post.

I think that we can see a 50-60 point drop in the S&P.