Billy
05-19-2011, 08:55 AM
Barring any big surprise news or opex short term exagerations (manipulations), today's up gap is likely to reverse.
Indeed the long probable 3-day targets of the last 3 days have all been surpassed, even the highest one at 83.28.
The last three short probable 3-day targets are at 81.28, 81.19 and 82.13. These are (3D expected gains * probabilities)
Of course a strong 20 DMF today could easily switch the model to a "cover your shorts" signal, but we won't know before the close.
Billy
Indeed the long probable 3-day targets of the last 3 days have all been surpassed, even the highest one at 83.28.
The last three short probable 3-day targets are at 81.28, 81.19 and 82.13. These are (3D expected gains * probabilities)
Of course a strong 20 DMF today could easily switch the model to a "cover your shorts" signal, but we won't know before the close.
Billy