10/26/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

OK, we didn’t get 1-2-3 formation breakdown, instead it was a Symmetrical Triangle breakdown, but the target is almost the same. Also a continuation pattern (possibly a Bear Flag) seems in the forming which if breakdown the max target could be around 104.70 which is right at the Oct 6 gap support. The bottom line, short-term is down and I suspect that there’ll be more pullback ahead.


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