02/23/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The trick today is: I DIDN’T SEE ANY –1,000 TICK. This is rare for a 1% down day like today. The last time this happened was on 01/12/2010, 01/09/2009 and 05/11/2009. My conclusion at those time was no panic so there’s more on the downside, and indeed, there’s more. I don’t know if the same conclusion applies now as you may argue there’re just too few cases. Well, the chart below may worth your attention: You don’t believe never will you see a –1,000 TICK ever, do you? So the bottom line, I believe there’s another shoe to drop sooner or later, no matter a green day tomorrow or not.


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