10/04/2010 After Bell Quick Summary

The bottom line, the short-term trend is down but I hold no short position overnight. Well, strictly according to my setup, I should have no overnight short position, but I figured that if SPY has yet another gap up unfilled tomorrow, that’d be its 19th unfilled gap, so maybe it’s safe for a tiny small short position overnight?

One trick for tomorrow, when CPC <= 0.81, 44 out of 68 times (65%) a green day tomorrow. Well, yes, I’ve noticed it has been failed 5 times in a row…


© 2013 Cobra's Market View — All Rights Reserved.