02/08/2010 After Bell Quick Summary | Cobra's Market View

02/08/2010 After Bell Quick Summary


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?

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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.

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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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