Weekly Poll: Does This Little Bounce Have Legs?

[shortie]

Quote from Petsamo:

He has 11K+ posts. You have what -> 27?

 

[shortie]

the melancholic sell-off today almost put me to sleep. i want to see the fireworks.

 

[Petsamo]

I went 90% long. I have reason to believe the downleg is almost over.

 

[trefoil]

The bears have Thanksgiving, the bulls have Christmas? (old Wall Street saying)

 

[S2007S]

Today the market rallies erasing all of yesterdays losses, simple as that.





Its thanksgiving and christmas time, this is a time for wallsteet to give and it will give returning huge risk free profits to anyone long this market, so keep buying those 1% dips followed by 3-4% increases without any worries.

 

[Petsamo]

We have a bad surprise on durable goods orders. But the good jobless numbers are probably due to seasonal hiring and/or shortened holiday week?

Anyway, thank goodness for this gap up!

 

[tradingjournals]

Quote from Petsamo:

We have a bad surprise on durable goods orders. But the good jobless numbers are probably due to seasonal hiring and/or shortened holiday week?

Market has nothing to do with those numbers. If it went down, they would have said durable goods. If it goes up jobs.

The market was going to go up regardless, because the buying pressure is higher than the selling pressure. The latter are due to price dynamics and inertia, and post importantly the consequence of negative sum game.

 

[Petsamo]

Quote from tradingjournals:

The market was going to go up regardless, because the buying pressure is higher than the selling pressure. The latter are due to price dynamics and inertia, and post importantly the consequence of negative sum game.

Well gee, if you would've told me that yesterday morning, I would've gone 100% long instead of 90% long.

 

[Bigaeon]

Market is set to rally into the end of the year, barring any "conflicts" in Asia

 

[jplazard]

Right this is a true bounce and stong move it has NOTHING to do with short covering!!!