02/08/2010 After Bell Quick Summary

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Well, no bullish Monday. But at least after the last bearish Monday, the rest of the week wasn’t bad. And it’s true, it’s very rate for INDU to have red weeks 4 weeks in a row, and it’s the 5th week now, so suppose we should have an intra-week reversal and eventually have a green week?


Just still want to remind you the chart below, a little bit old but should enough to see that the rest of the week after the Monday wasn’t so promising in the past.


I have no idea what’s going to happen next. Past experience says a scary sell off for at least two more days to wash all the weak hands out then a few weeks rebound thereafter. Anyone wants to say that because so many people are expecting panic sell, so there’ll be no panic sell?

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