08/12/2009 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


I expect an up day tomorrow, not very sure though, because statistically the next day after FOMC tends to reverse what happens on FOMC which means a down day tomorrow as we had an up day today.

SPXandFOMC

The main reason I believe we’re going to have an up day tomorrow is that CPCI closed at 1.60, which by counting dashed lines in the following chart (whenever CPCI was closed above 1.55), clearly the odds favors bulls tomorrow.

CBOE CPCI

11 Comments on "08/12/2009 After Bell Quick Summary"
  1. Comment left on:
    August 12, 2009 at 6:03 pm
    Anonymous says:
  2. Comment left on:
    August 12, 2009 at 6:05 pm
    Anonymous says:
  3. Comment left on:
    August 12, 2009 at 6:14 pm
    Pivot Trend says:
  4. Comment left on:
    August 12, 2009 at 6:18 pm
    aFei says:
  5. Comment left on:
    August 12, 2009 at 6:52 pm
    Eva says:
  6. Comment left on:
    August 12, 2009 at 6:59 pm
    Dr. Doom says:
  7. Comment left on:
    August 12, 2009 at 7:45 pm
    Anonymous says:
  8. Comment left on:
    August 12, 2009 at 8:44 pm
    Anonymous says:
  9. Comment left on:
    August 12, 2009 at 10:35 pm
    Anonymous says:
  10. Comment left on:
    August 12, 2009 at 11:00 pm
    Dave says:
  11. Comment left on:
    August 13, 2009 at 7:36 am
    Jim says:
Comments have been disabled here. This discussion has ended.
© 2013 Cobra's Market View — All Rights Reserved.