Cobra's Market View Private Messaging System shows:
THE SHORT-TERM MODEL BELIEVES THE TREND IS DOWN, HODING SHORT POSITION OVERNIGHT
The bottom line, chances are today’s low is not the low but officially the intermediate-term trend is still up. I’ll provide more details in tonight’s report.
A little bullish biased toward tomorrow for 2 reasons:
- According to Stock Trader’s Almanac, November expiration, Dow up 6 of last 8. (You can always find this kind info from Trader’s Calendar at the top right corner of the home page.)
- The next day after a Major Distribution Day had 64% chances to close in green.