Weekly Poll: Buy Dips or Sell Rallies During Expr Week?

SPY Next Week?

  • Bullish

    Votes: 10 32.3%

  • Flat

    Votes: 4 12.9%

  • Bearish

    Votes: 16 51.6%

  • I prefer to keep my opinion to myself or don't have one

    Votes: 1 3.2%
  • Total voters
    31
  • Poll closed .
Quote from tradingjournals:

I was on Twitter. EUR/USD at 1.3660 area, and tweets saying to short. The bucket shop twitters are talking about the selloff.

I went LONG. Let us see who will be the bagholder on this one. Me or them.
More...

Speaking of the EURUSD, it broke its October low last week. If U.S. stock indexes follow suit, the correction will be at least 5% more.
 
Too many bears on ET for any significant drop IMHO.

Bullish 7 28.00%
Flat 3 12.00%
Bearish 14 56.00%
I prefer to keep my opinion to myself or don't have one 1 4.00%

thestreet.com voted Flat:
What would best describe your stance heading into the coming week of trading?

Bullish 43.83% 270 votes
Bearish 44.96% 277 votes
Neutral 11.2% 69 votes
 
Quote from S2007S:

A few points for the DOW and fridays losses are already forgotten.


:p
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What was your opinion yesterday? I bought EUR/USD at 1.3595. On twitter they are talking bearish talk, so with my models saying buy I am against the crowd.
 
They explained today rise by better than expected retail sale, and some other BS, but now that the market is red, they are putting some other bull crap.

I believe that now is the time I would buy, when it is red and everyone is heading to the exit.

How are possible explanations they would give if market rises tomorrow:

1. Replay the retail sales news
2. Quote of some european politicians or decisions about Ireland.
3. AAPL: this is always easy to use. Some news from AAPL (and there is always news from AAPL) such as a new service from AAPL or something about their old gadgets and holidays.
4. Santas buying their costumes early this year.
5. Americans buying more turkeys this year.
6. Add yours below.
 
Quote from adadadog:

There may be possible that the effect of QE2 has been discounted by the market, because people knew it was coming and the dollar dropped around 20% from its recent peak. Given the fresh problem of EU and china's measures against inflation, dollar may not decline from here. who knows?
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Can we conclude by today's market that the U.S. dollar is strong, and QE2 has been discounted? I would not bet on either way. I am neutral at the moment.
 
Quote from adadadog:

Can we conclude by today's market that the U.S. dollar is strong, and QE2 has been discounted?
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I would say the exact opposite: the US dollar would retreat starting probably tomorrow/this evening to take into account QE2 because the market has retreated.
 
Quote from tradingjournals:

I would say the exact opposite: the US dollar would retreat starting probably tomorrow/this evening to take into account QE2 because the market has retreated.
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I am still watching, probably it is not safe to bet on either way. I snatched $500/chr on GC this morning. Pressure is mounting to backtrack QE2. I will not trade GC again. Will Try something else ZC
 
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