10/12/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up but I hold no long position overnight.

I have no idea about tomorrow as I’m not sure, for a potential Broadening Top, if we’ve had the breakout or a bigger one is in the forming. The former is very bullish while the latter may mean a pullback to touch the downward trend line below for the 3rd time before either breakout (49.6%) or breakdown (50.3%).


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