06/01/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

One trick today: 29 out of 42 times (69%) a green day after a Major Distribution Day (NYSE Down Volume to NYSE Up Volume ratio >= 9) which is today.


The bottom line, although bulls still have hopes but I also see a bad sign today. So the picture to me is rather mixed, even though officially the trend is still down. I’ll talk about all those in tonight’s report.

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