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value1008

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value1008

Re: farooq post# 139

Tuesday, 10/23/2018 12:22:40 PM

Tuesday, October 23, 2018 12:22:40 PM

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TNA - i've been a big buyer here from 68 down to 62, avg'd in at 65.27.

The IWM on which it is based as of this a.m.'s LOD pulled back over 14% from highs in late Aug. That's well into official "correction" territory for the Russell2000, whereas the SPX was down only about 8.4% this a.m. from its all-time highs.

I expect a rebound rally of IWM and specifically TNA to at least upper $60s and a Christmas rally within a couple of months to upper $70s.

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