Weekly Poll: Blow-Off Top Then Crash Or Crash Right Away?

[JoePaterno]

Quote from shortie:

The expiration week could make the overdue sell-off into a crash. Or is it going to be a snoozer week? It is hard for me to see this thing going even higher but nothing will surprise me.

Many important stocks are lagging this rally. Which way will this inconsistency resolve? will the laggards catch up with the market or will the indexes drop?

I think these weak stocks strongly suggest that the rally is fake.

Thoughts?

what is the point of starting threads about topics that are complete and total random guesses?

 

[Nine_Ender]

Quote from JoePaterno:

what is the point of starting threads about topics that are complete and total random guesses?

The fact that the author thinks there is such a thing as a "fake rally" ( whatever that supposably means ) tells part of the story.

 

[shortie]

Quote from shortie:

INTC is one of the stocks above. it reported good earnings today and is climbing up to ~$20/shr

guess what? it traded at this level one year ago! i insist that the recent market run-up is happening on fumes.

lol. INTC down in the up market.

why is it that nobody wants such a great company if this bull market is for real?

the market would not go down at present, of course, but watch the signs, watch the signs!

 

[trefoil]

Gold's at a new high, so last Thursday's action is no longer a cloud over that market. All clear now, far as I'm concerned.

 

[S2007S]

*OIL
83.08 +1.41 +1.73%
*GOLD
1371.70 +26.00 +1.93%


And the climb since the opening continues.

 

[trefoil]

Flashed by a few minutes ago:

NYSE summary:

Volume is heavy for this time of day. Breadth is bullish across the board. Advancing Issues: 2434 / Declining Issues: 584 -- for a ratio of 4.2 to 1. Advancing Volume: 478,162,000 / Declining Volume: 109,191,000 -- for a ratio of 4.4 to 1. New 52-Week Highs: 497 / New 52-Week Lows: 23.

Nasdaq summary:

Volume is very heavy for this time of day. Breadth is bullish across the board. Advancing Issues: 1993 / Declining Issues: 622 -- for a ratio of 3.2 to 1. Advancing Volume: 1,095,979,000 / Declining Volume: 307,345,000 -- for a ratio of 3.6 to 1. New 52-Week Highs: 185 / New 52-Week Lows: 14.


Not bad. If we get a big ramp in the last half hour, maybe that will qualify as a blowoff for the short term. Certainly looks like the bears are being panicked.

 

[shortie]

Quote from shortie:

the bulls have succeeded in pushing SPY by only +0.3% 1 hour before EOD despite hugely bullish polls.

is USD showing the signs of life?

Jack "Shortie" Kevorkian Out

USD chose to play dead...

 

[Nine_Ender]

Quote from shortie:

lol. INTC down in the up market.

why is it that nobody wants such a great company if this bull market is for real?

the market would not go down at present, of course, but watch the signs, watch the signs!

The market is way up since 1041 when myself and others noted it was a great time to buy technically. The fact that there are laggards like INTC is actually bullish.

Buy INTC today at $19 and sell for $23 when it hits. That's 20% return on your money. It won't drop to $15, you can hold it for years limited risk. Maybe 20% is too boring for you let me know your 20% return trade you like instead.