12/09/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

Still within a range therefore still no direction. But it seems most people in my forum are bullish, perhaps expecting a big gap up tomorrow because both GS and AAPL were up big today. Also according to the chart below bears were never able to stay below the middle line of the current trading range for more than 2 days.


And so did option retail traders, the ISEE Indices & ETFs Only Index are closed above 100 which means 19 out of 26 times (73%) there’ll be a close that is lower than today’s close the next day (most likely, see red arrows) or the next next day (blue arrows).


So what’s going to be tomorrow? Are bears still unable to hold below the middle line for 2 days or enjoy yet again the magic big red Thursday?


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