12/14/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

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

A little bearish biased toward tomorrow for 2 reasons:

Both VIX and SPY closed in green on the same day, 10 out of 16 times (63%) a red day the next day.


SPX up 6 days in a row, short at today’s close and cover before the first down day close, since 1991, you have 83% chances.


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