Cobra's Market View Private Messaging System shows:
SHORT-TERM MODEL BELIEVES THE TREND IS UP, HOLDING LONG POSITION OVER THE WEEKEND
The bottom line, bears still have hopes as long as no follow through big up the next Monday. Will explain in the weekend report. Sorry for the wrong closing statement for today’s intraday comment thread, I said new high the next Monday, I thought it were Major Accumulation Day but it’s not, so forget about that closing statement. I don’t mean we won’t see new high, I just have no solid evidence for such a call anymore since today is not Major Accumulation Day.
Just a little little bearish biased toward the next Monday because NYADV is a little too high.
Enjoy your weekend!