11/03/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

I still don’t see any meaningful bottom patterns, the rebound was weak forming a Bearish Rising Wedge on decreased volume. So it doesn’t look good for bulls. Perhaps the Fed announcement tomorrow will provide enough fuel for either bulls or bears.


The bottom line, I foresee that Fed will keep running its money printing machine with full cylinder. Just now, I’m not sure how the market will respond to that. I’ll talk about this with some evidences in tonight’s report.

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