02/17/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

Although the market didn’t pullback today but it was not as strong as I expected so it fits neither the cases I described in the last night’s market recap, therefore I have no idea about the market direction now, need see tomorrow.

As for tomorrow, besides the negative seasonality I mentioned in the last night’s market recap, it’s also known as the “Bearish Thursday” – not as consistent as the “Bullish Monday” but sometimes it did work especially if the Wednesday bar wasn’t a so bullish bar like today.


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