Poll: Sell in May 2011?

Sell in May 2011 and Go Fishing?

  • LONG

    Votes: 32 34.8%

  • FLAT

    Votes: 25 27.2%

  • SHORT

    Votes: 35 38.0%
  • Total voters
    92
Quote from Lojanica:

05-01-11

Quote from Lojanica:

Very spiky spoos chart.

Sell the news Osama.

The run has been long and fruitful but now there's a pullback in the works. How low? Who knows. I'll have to take into consideration a number of factors but the sell-off will snowball as early sellers prime the money changing at hand. The week sheds more data. Indeed a bit panicky today as the herd moved to the exits quickly especially in the commodities. Last time this happened equities fell precipitously too. The fly in the ointment is of course that the Fed is a buyer. I would as stated not expect a crash in the equities market but it certainly looks like money flows have changed direction....
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Weak bounce in the Spoos. The top is in for awhile (The gap up pre-open May 1st--"The Osama Top"). As momentum to the upside wanes sellers will emerge. The Bull is dying. Again I doubt "Flash Crash" but a challenging sideways market with a few spikes down.
 
I went 100% long by last Thursday's close. Today, I went 90% long, 10% cash. I'm milking this up & down action.
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Quote from Lojanica:

Weak bounce in the Spoos. The top is in for awhile (The gap up pre-open May 1st--"The Osama Top"). As momentum to the upside wanes sellers will emerge. The Bull is dying. Again I doubt "Flash Crash" but a challenging sideways market with a few spikes down.
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Reuter's "Global Recovery Fears Hit Stocks..."

The News always matches the move. This is confirmation that the selling is unfolding. That is to say the positions are in place now let the followers ride the momentum.

We are sitting at critical support for a short term sell-off this am. It may (no pun intended) take a bit to breakthrough but price action is following the expected pathway.
 
Quote from Lojanica:

..... Again I doubt "Flash Crash" but a challenging sideways market with a few spikes down.
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Proven true today.

Now is the tough part. Retest highs. Range bound. Break support?

I say sideways for awhile at which point the market will declare itself.

What is evident is that there is a shift occurring. Commodity selloff. China braking its growth. Interest rates rising. Stagflation. and seasonality.

I think the market will stop trending and chop around for awhile.
 
Quote from shortie:

no doubt that my concerns have been related to Obama. secret order has been issued to PPT to bid up the market. i am expecting a bounce into Friday.

too bad for Silver holders - it is not on the list of PPT to bid up. you are on your own, fellas. use whatever BP you have to save SLV.
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i stay by my suspicion that tax dollars are hard at work trying to erase Osama top. PPT! PPT! PPT!
 
Quote from shortie:

i stay by my suspicion that tax dollars are hard at work trying to erase Osama top. PPT! PPT! PPT!
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You sure. They better step up this afternoon...
 
what's up with the high profile sex scandals popping up now: IMF chief, Arnold Schwarzenegger. anybody else whom i missed?


do we expect more, less or the same number of sex scandals at a major market top (I no idea if this is such a top)?
 
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