10/28/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up, I hold both long and short overnight.

Bearish biased toward tomorrow because once again both VIX and SPY closed in green which means 10 out of 12 times recently a red day the next day.


Also if the following seasonality charts work again, then tomorrow should be a red day because only a red tomorrow can fulfill those seasonality charts.


On the bull side, tomorrow is the so called Bullish Friday as bulls have had 9 straight up Fridays ever since the current rally started.


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