01/22/2010 After Bell Quick Summary

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OK, those who still believe very very bullish Monday, please raise your hoofs. Anyone?


The bottom line, things are little bit different this time as the market usually forms a bottom on Friday after the so called bearish Thursday. But now, the chart below shows no sign of a bottom at all, as I said before a strong down leg usually won’t end with the very first rebound and we don’t even see the very first rebound yet. Now the bull’s hope is the famous very very bullish Monday. And if we don’t get again then perhaps this time IS DIFFERENT. Until then, let’s (bears and bulls) just close eyes and believe, yes, we can! 🙂


Enjoy your weekend!

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