05/04/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

A Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9) today means most likely a green day tomorrow. And I’ll discuss in more details about the 2nd rule about a Major Distribution Day in tonight’s report, which says most likely the rebound is for short-term only as after the rebound, we usually see more selling although there was one exception (10/30/2009) that the market was indeed bottomed.


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