01/28/2010 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


OK, looks like the first prophecy in last night market recap came true: the market did turn on the SPX cycle due time. Now let’s see whether the second prophecy about the market rising to tomorrow or the next Monday will come true.

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One trick today, when CPC <= 0.81, 28 out of 36 times (78%) recently a green close the next day.

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The bottom line, the intermediate-term remains down. And the bad news is that I have yet another reliable signal even arguing today as a top. I’ll talk about this in tonight’s report.

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