Monday, October 22, 2007

Turtle Soup + 1

This is an excellent setup. The day after Turtle Soup, more sellers came in, unfortunately they were the late-comers and the market reversed. In any case, it closed at 702.63 and the numbers for tomorrow are 705.71r1, 700.68pvt and 697.6s1. Looking at the close and pivot numbers, what do you think is the probability of an up day tomorrow?

2c

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