Cobra's Market View Private Messaging System shows:
SHORT-TERM MODEL BELIEVES THE TREND IS UP, HODING BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
Another impressive intraday reversal, but I’m still not convinced that bears are over. At least odds are high whatever up tomorrow would be erased the day after tomorrow and if tomorrow gap up and goes lower again, I won’t bet another Prime Minister to resign (to save the world) because the 3rd time is the charm.
Tomorrow is perhaps the most bullish day of the week, up 9 out of 13 since the August lows. No other weekdays (since the August lows) can match this record.