Bounce?

Quote from volente_00:

Crunched the numbers and S&P will hit 1284 sometimes between now and the end of June.
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Golldangit Volente I bought near today's low and now that I read this I gotta sweat all weekend.

Thanks alot. I'm fully freaking out right now. Seriously. Oh shit. oh shit oh shit. PHHHUUUUCCCCKKKKKKKKKKKKK!!!!!!!!!!
 
Quote from MR.NBBO:

And in the next 30 days we'll have another full moon.

Agreed, we'll do 1284, but I've got 1291-1294 in same time frame. 1284 seems like a gim'me. Another 2-4 days of consolidation -and we're rollin'.
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i think will be more like a month or so of consolidation maybe less this time due to strong fundamentals...we need some reassurance from new data and wud be nice to hear somethin' positive from da fed as well.
 
Quote from duard:

dangit I bought near today's low and now that I read this I gotta sweat all weekend. I'm fully freaking out right now.
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All in good fun but.......

Small Speculators Have Upped Their Bullish Bets Now at Their Longest in Over a Year


So......

Yes we bounce and suck up the public and small spec money then whamm. Down we go. We might even bounce a 1 or 2%. But historically after this much selling the bounce will be met with selling.
 
Quote from GlobalFinancier:

Again, I think we will bounce 1-2 weeks, then down from that.
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These threads are a good way to analyze market sentiment . When the number of bearish threads went up, the market went higher, then we had a high number of bullish threads and the market tanked. Based on the recent threads my thoughts are over the next week we'll test the bottom of a multi weekly consolidation range. Quick jabs either way as bulls and bears test each other at key levels.
 
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