Cobra's Market View Private Messaging System shows:
Hello, are any bears still alive and kicking? Beware of very very bullish Monday!
Well, I’m not sure this time though for 2 reasons:
QQQQ formed a black bar today which means 74% times a red day the next day and 74% chances of a gap down open the next day. Plus well, of course you have already noticed that it has 2 reversal bars in a row, got to mean something, right? Too obvious to work? Well, !#$%^&**&^%$#!…
According to Trading Trends: Last Four Trading Days of March, apparently the rest of the March trading days are not so bull friendly.
Have a nice weekend!