Monday, June 15, 2009

PROBABILITIES

It may come back to my earlier suggestion that around the 200 EMA certain things are likely.. or become a higher degree of potential….and if playing the odds I didn’t see a LONG position here at the 200 EMA with the trannies not conforming, with the L stats as they were, with a 40% move SPX in books….with a BEAR mkt still in effect,,,,,don’t like those odds long….it’s all about probabilities IT and LT, maybe ST all about the charts…..for swing more things come into play….and none of this figures in ANY fundamental analysis.

SHOULD sellers come back in the force to negate the 1A buy….after all I said onus is on sellers….because we already know buyers have backed away 2 to Tango....and the markets internals will show us who is doing what.

It's all about keeping the odds and probabilities on our side. NO PM post will add to AM TUES comments on any L stats meaningful

D

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