07/07/2009 After Bell Quick Summary

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I see good chance a rebound at least tomorrow morning. With 3 days in a row the market opened with a down gap so the chances of another gap down open tomorrow is rare. Just if we see a gap up open tomorrow, it will be the 7th unfilled gap on the SPY chart therefore I doubt if it could hold. So my guess is no hurry in buying dips AH, instead to fade the tomorrow’s gap up open is much safer.