05/24/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

I see one trick today: when both VIX and SPX closed in red on the same day, 23 of 30 times (77%) a green close the next day. The bottom line, as I mentioned in 05/21 Market Recap, Tuesday is the key, today’s up or down doesn’t mean much yet because so far it conforms the past pattern. I’ll discuss this in tonight’s report.


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