03/26/2010 After Bell Quick Summary

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!

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