10/22/12 The Changeup

The game is less than an hour away, so I'll get right to it. Almost went long RYSIX in the last half hour. In fact, the trade was entered and in place, but I deleted it less than 5 minutes later. Why? It just seemed too easy. A ton of traders no doubt swung hard (and are smiling at late action in IBM, as well as after-hours 'resilience' in TXN). More likely, the market took shorts out of the game in the final 15 minutes- prior to resuming its downward slide on Tuesday. We'll find out tomorrow which of us played it correctly.