11/16/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is down. I hold partial short position overnight.

A little bullish biased for tomorrow as when NYSE Down Volume : NYSE Up Volume >= 9 (Major Distribution Day), 34 out of 56 times (65%) a green day the next day.


Also don’t forget the statistics I mentioned last night: SPX down 4 days in a row, buy at today’s close, sell at the very first up day (so it doesn’t necessarily mean tomorrow), you have 79% chances of winning something since 1991.


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