02/18/2011 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up. I hold no position over the weekend.

No idea about the next week, seasonality suppose to be bearish and it could still be a bearish Rising Wedge in the forming in addition to RSI negative divergence. For now I won’t hope much on the bear side but as more and more extremes being reached so if yet another huge up the next week especially with increased volume, bears might get some chances the next next week.


Enjoy your long weekend!

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