06/26/2009 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


The below chart shows, when both SPX and VIX closed in red the same day, 70% chances a green day next day.

SPXVIXWatch

But since VIX reached a new low again today while SPX still hasn’t reached even a SWING high, I see some similarities in the following chart.

SPXVIXWatch2

So which one to believe, it’s your call. Personally I’m more willing to believe that this time we’re in that 30% chances which means a red Monday.

I still believe it’s a sell-able bounce according to “n vs n” rule. And since very short-term, QQQQ is extremely overbought, so perhaps betting on QQQQ to pullback next Monday is safer.

NvsN

  • Anonymous
  • Anonymous
  • Jim
  • Anonymous
  • Cobra
  • Anonymous
  • katzo7
  • Anonymous
  • Dan Black
  • Carlos Júlio
  • Cobra
  • Carlos Júlio
  • 2cents
  • Anonymous
  • uempel
© 2013 Cobra's Market View — All Rights Reserved.