11/05/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

Rally huge, finally, the only problem is no volume as there’re 1691 Russell 3000 components were up on decreased volume. Well, I know nobody cares. Just from the chart below, bulls are not out of woods yet because it looks like a Fib 50 retracement. So let’s see how market follow-through tomorrow.


One trick today, when ISEE Indices & ETFs Only Index > 100, 23 out of 28 times (82%) a red close, most likely the next day (see red arrows) or the next next day (see blue arrows).


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