30 April 2009

Is the Rally Over, Almost Over, or Still on Its Way to a New High?


"Life is a School of Probability." Walter Bagehot

Probability does not tell you what WILL happen. It only tells you what is likely to happen, with a generous dose of conditionality.

Probability is a living, changing condition in the markets. Additional iformation over time will modulate the forecasts and levels of support and resistance.