12/16/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up, not confirmed though. I did nothing today, still hold the trapped long position. The rebound today was expected, I still don’t think it could go too far assuming, of course, we’re still on Earth. Or aren’t we?

Bullish biased toward tomorrow because not only it’s so called “bullish Friday”, but also according to the Stock Trader’s Almanac, December Triple Witching, Dow up 18 of 27, with history of huge gains. 1982 +2.2%, 1987 +2.6%, 1992 +1.4%, 1994 +1.1%, 2002 +1.8% and 2007 +1.6%.


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