IWM 2009-11-27

Based on pre-open values, there is little chance of IWM getting close to Wednesday’s range.  Based on Wednesday’s closing price (and where it fell in the range), it was highly likely to make a lower low (75% vs 15% making higher high), but other factors mentioned by other bloggers indicated that IWM would close higher, so it wouldn’t necessarily been a good idea to short based on the probabilities.

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