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Up And Away?


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Its a casino! Its all probabilities! If someone could count a 3 deck shoe and knew all the faces cards were out except one, you can still get the one that time. It just means the low probability came out. It also means the deck narrows in your favor with the added data.

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FeedFool,

 

When you have a moment, could you let me know what you think about IBM? I am thinking about shorting this baby. Looks like a head and shoulders formation. Thanks.

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I'm still long the SPY and a few other small trades, but I am surprised at today's strength. If S&P were to close here, or near here, we'd have 2 closes above the 55-dma, an intermediate term buy signal.

 

Overbought sell-off would ensue, of course, but a case could be made for higher, after that.

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