11/12/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

I see a small reversal pattern, a 1-2-3 formation was formed and I believe its text book target has been fulfilled, so my guess is that we’ll see a rebound at least tomorrow morning. This is the first reversal pattern formed for quite awhile which proved that still there’re a few bears alive. But unfortunately the assault (the reversal pattern I mean) was not large enough to justify a further drop, so bears need show more strength. And for now, too early to judge anything.


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