09/03/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up and I still hold partial long entered on 09/01.

As for the next Tuesday, still the same story, when TICK > 1,000, slightly bearish at least SPX unlikely to be up more than 1%. Well, I know it’s wrong today, but it doesn’t mean we should throw this chart away, does it? And the last time when TICK closed above 1,000 for 3 days in a row was from 04/01/2009 to 04/03/2009.


Enjoy your long weekend!

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