iShares Russell 2000 Index (IWM) Message Board
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Predictions??
Anyone take a guess on what the peak of this run up will be? I am going to say Dow 10,000 and then we are in for at least a 10% pullback. There is just too much uncertainty out there right now. What are your thoughts?
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-John-
John:
Everything will begin to tank after the election tomorrow. The DOW will re-test the 6500 level. IWM will re-test $35.00.
Remember, the Russell 2000 is basically comprised with small & mid cap stocks. They are the first to tank in any correction.
I have been buying the Jan 2010 Puts with a strike price of $60.00 since Sept 18th. I have been recently adding Mar 2010 Puts at a strike of $58.00
Good luck. It's going to get ugly. What goes up MUST go down! -
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http://finance.yahoo.com/q/bc?s=IWM&t=3m
double top
its going down
amzn is going down too, but careful, yahoo and apple did really good
short in pieces with stops
be patient
try to get into margin, with stops as well, spread things out a bit -
What uncertainty is there? Clearly the market sees no uncertainty at all.
No, there will not be a pullback anytime soon. The stock market is broken, it is horribly skewed to long-biased trading now. Free money, inability to short stock, and the media hype machine has this kicked up to 5th gear. It ain't gonna stop.- 1 Reply to jstavitzke03
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Going to 68....
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If there is a 10% correction in Dow/S&P it could be more like 20% in the Russell since it's high beta crud and has outperformed so much- having said that, I don't think any correction greater than 2% is possible.
- 1 Reply to nomoredns
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^^^^this
plus, the herds are now brainwashed to bid every single effing dip, pullback, & retracement.
it will take an economic or geo-political event of epic proportions for any significant countertrend move!
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