11/23/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is down, not confirmed though. I hold partial short position overnight because the mini price target hasn’t met, not because it’s safe to do so.

One trick today, when NYSE Down Volume to NYSE Up Volume ration >= 9 (Major Distribution Day), 35 out of 53 times (66%) a green day the next day.


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