12/16/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

I think the market has a slightly better chance to do a further pullback tomorrow, may not eventually close in red though. And on a little bit longer time frame, I’m expecting a short-term top coming soon.


An interesting statistics from http://twitter.com/sentimentrader:  Fun FOMC fact...if S&P futures +0.5% at any point, then close lower, next day up 7/9 times, +1.0% avg. If Close<Open, then up 9/11 times.

Also an interesting chart below:


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