Weekly Poll: Do We Ignore Black Filled Candles On Weekly Chart?

SPY Next Week?

  • Bullish

    Votes: 9 42.9%

  • Flat

    Votes: 5 23.8%

  • Bearish

    Votes: 5 23.8%

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

    Votes: 2 9.5%
  • Total voters
    21
  • Poll closed .
Quote from shortie:

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Thanks for posting the charts. They seem to me to be more bullish than bearish. XLE seems to be the less bullish of the three.


I have some ideas about the whys of some buys, and the whys of some sells. It might be useful in pairs trading, but I do not trade pairs so I do not know what to do with it.
 
Investor Sentiment: Tough Being Bearish
By Guy Lerner
The Technical Take
December 19, 2010 13:11 PM

It is tough to be bearish for the following reasons: 1) the overwhelming consensus opinion of investors, bloggers, and newsletter writers is bullish now and into 2011; 2) the perception amongst investors is that the Federal Reserve has back stopped the market; 3) there is a persistence to the tape as it marches higher on both good and bad news; and 4) it is the holiday season where thinly traded markets can be easily manipulated higher. Yes, it is tough being bearish when everyone and everything you read is bullish, and the equity market can only go one way -- up. Yet, here I write that I am bearish.


Read more: http://www.benzinga.com/10/12/714374/investor-sentiment-tough-being-bearish#ixzz18bUCDfsJ

this just makes sense to me. if you read the article he is actually a cautious bear who expects a correction that should be bought. cautious bears are also a good sign if you are in the bearish camp.
 
Quote from failed_trad3r:

Based on this weeks action, we are set for an explosion upwards. 1270 is very high chance of reaching next week, maybe 90% up to 100% certainty.
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Just make it 1300+

:p
 
Nasdaq up 12 out of 14 days!!!

Whew, no profit taking coming this week, just straight up into the end of December!!!!

Risk free money for everyone!!!!
 
don't think the macro guys that have been buying for almost 2 years are worried about a weekly or monthly pullback. I think they are looking at 4-5 years as their time frame.
 
Quote from tradingjournals:

SPY at 124, and in the red. Now that early buyers may be taking their losses, the SP500 might head to the other side.

Normal because it is a zero sum.
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The post was 100% correct, and 124 was the bottom. The market keeps reminding me the fundamental principle of zero sums.

TJ Shortie out :cool:
 
Quote from jajuanm2:

don't think the macro guys that have been buying for almost 2 years are worried about a weekly or monthly pullback.
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I believe in the opposite: They worry about weekly pullbacks, and do not worry about 2 years.
 
Nasdaq went red for about 3 minutes and came right back, today will make it 12 out of 14 days, that now makes the nasdaq up 85% of the time for December alone.



There would be no christmas if the nasdaq was down 85% or 12 out of 14 days, they would have probably added QE3 and halted most of the exchanges by now if this was the case. So enjoy the Bubble ben bernanke risk free trading environment he has set up for the entire nation!!!!!
 
Quote from tradingjournals:

The post was 100% correct, and 124 was the bottom. The market keeps reminding me the fundamental principle of zero sums.

TJ Shortie out :cool:
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SPY at 124.62. Should we get out here? Would morning losers stop the rise?
 
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