10/09/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, still maintain the “consolidation then pullback” forecast.

One trick today, CPCE <= 0.56, 19 out of 31 (61%) times a red close the next day. Well, I know, it’s been wrong 4 days in a row. And looks like all the tricks that worked well before are failing now, I think this may imply a potential change in characters – either the market becomes more bullish than the past 7 months or the trend is about to be reversed. Let’s wait and see.


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