Chances Are, from Victor Niederhoffer

July 16, 2007 |

What are the chances that IBM, currently at 109.66, not having closed above 110 since year-end 2001, will not break through with psychological impact? Also, the Dow hit a high of 13,989 today. What are chances it won't break 14,000? And what are the chances the 10-year bond yield, now 5.04%, won't break 5%?

Many goals are near, and I sense a buildup ready to play out to consonance.