Weekly Poll: Bull or Bear in the Critical 1st Week of 2011?

[Nine_Ender]

Quote from piezoe:

Higher naturally into the Spring, but we need a little pause at some point soon, and a mild pullback. I suppose Friday would be a good time to get a little selling under way -- Oh, pardon me, I meant to say "profit taking."

I don't understand your logic. We broke through major resistance at 1250 and have risen only 2% since. This is hardly the kind of action that signals the need for an immediate pullback. I would suggest to you that the more eager sellers got out when the market dropped from 1230 to 1177 not so long ago. I'm expecting one of two things to occur now :

a. A rapid buy to a much higher level ( >>= 1320 ) followed
by a pullback.

b. Range bound trading between 1245 and 1295.

Which one we get will be determined by earnings reports and commodity prices.

 

[Nine_Ender]

Quote from shortie:

and the market is up the staggering 0.5%!

can't wait to see us dumping on good news.

Haven't you been saying this since September ? Have you been making tons of money in this time period, just buying the S&P 500 from 1041 to 1275 is a 22.4% return in 5 months ?

Buying RIM yesterday you'd be up 5% today. I think its got more legs the rest of the month, my new target is $72 Cdn by April.
P/E is 10.10 that seems cheap to me. New products coming online in February. Doesn't matter what the overall market does I think the $72 will hit.

 

[shortie]

Quote from shortie:

i misread the tea leaves! now it is apparent that the secret plan for the day was to lure in and squeeze the intraday shorts.

the dump will happen overnight or tomorrow.

so it has been foretold...

GL to all!

SPY went into a micro flash crash today (-0.4% right now).

i expect the dumps to become progressively stronger while the bulls will attempt to buy the dips as the year unfolds until a major flash crash takes place.

so it has been foretold...

the suspect thing about today's sell-off is the strength in Qs. so, i guess we won't crash much today.

 

[S2007S]

Nasdaq up over 2% so far for 2011!!!!!


Simply amazing, at this pace it will break to historical highs by the end of 2011, passing levels not seen since the dot com collapse. This is going to be something else when it happens, by then AAPL should be trading around $650 a share!!!!


There will be no opportunity to buy dips so continue to buy the 52 week high on a day to day basis.

 

[shortie]

any good explanations why Qs are strong? does it confirm what some perma-bulls have been saying about this market not being ready for a correction?

 

[noddyboy]

Quote from S2007S:

Nasdaq up over 2% so far for 2011!!!!!


Simply amazing, at this pace it will break to historical highs by the end of 2011, passing levels not seen since the dot com collapse. This is going to be something else when it happens, by then AAPL should be trading around $650 a share!!!!


There will be no opportunity to buy dips so continue to buy the 52 week high on a day to day basis.

Sometimes the best advice is given by those who do not follow them. Those who can't, teach.

 

[piezoe]

Quote from noddyboy:

Sometimes the best advice is given by those who do not follow them. Those who can't, teach.

In my experience, the best teachers were always those who can, and did.

 

[piezoe]

Quote from S2007S:

Nasdaq up over 2% so far for 2011!!!!!


Simply amazing, at this pace it will break to historical highs by the end of 2011, passing levels not seen since the dot com collapse. This is going to be something else when it happens, by then AAPL should be trading around $650 a share!!!!


There will be no opportunity to buy dips so continue to buy the 52 week high on a day to day basis.

Wouldn't you agree that the only comparison that makes sense is one in constant dollars? And that, of course, is fraught with error.

 

[tradingjournals]

Quote from shortie:

any good explanations why Qs are strong? does it confirm what some perma-bulls have been saying about this market not being ready for a correction?

First post in 2011- happy new year to all.

The market was rising, which made it a positive sum game for buyers.

 

[shortie]

this market is rigged!

Ben Bernanke Speaks
10:00 AM ET

must be more good news for Longs