10/16/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

Two tricks today: One for up one for down. I think I’ll wait until Monday. Because ever since the March rally, the market was unable to hold more than 2 down gaps, so if we get a gap down Monday, most likely it’ll be filled soon or later. Meanwhile, if we get a gap up Monday and it turns out to be an unfilled gap again, then it’ll be the SPY’s 14th unfilled gap, also the 5th unfilled gap in the past 10 days, which is too much. So whatever open the Monday will have, most likely the today’s close will be visited again.

When both SPX and VIX closed in red, 62% chances a green close the next day.


When CPCE <= 0.56 (Well, again), 58% chances a red close the next day.


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