Weekly Poll: Dow Up 8 Weeks in a Row. Implications for the market?

[noddyboy]

Quote from shortie:

remember his ~ Apr 16 2010 call: "we are 6 months from prosperity!"?

I see -- so he didn't really turn bearish. You gave me a scare.

Relentless selling so far today.

 

[shortie]

Quote from tradingjournals:

QQQQ at 57.17. At this price and higher, if I were a buyer, I would be worried. Is a 10% retreat reasonable? (While typing, QQQQ went to 57.22, and then suddenly fell to 57.10).

that was a beautiful call! Qs already <55.80

 

[noddyboy]

Quote from shortie:

that was a beautiful call! Qs already <55.80

If selling keeps going, would a flash crash be possible at some breaking point?

 

[Bowgett]

Quote from noddyboy:

If selling keeps going, would a flash crash be possible at some breaking point?

It is possible but I would not bet on it. Too many people are expecting it.

 

[S2007S]

OIL
89.26 3.62 +4.23%


I was hoping for a continued downward trend to get at least some relief at the gas pump, but I guess that's not going to happen. Paid about $3.50 last time I got gas!!!

 

[devilfishlane]

S2007S


Registered: Aug 2006
Posts: 12080


01-27-11 06:59 PM

The week isnt even done yet and Im calling for 9 straight up weeks in a row!!!

Tonight earnings from AMZN and MSFT should give a boost to the nasdaq yet again, no need to sell, SPX should close tomorrow above 1310 and move ever so close to 1350!!!!


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Nice call!!!!

 

[shortie]

oil stocks ~ flat despite the general market sickness. the crude jump must be the explanation.

this suggests that the possibility of a major market correction is still ignored by the market participants otherwise the oil stocks would have been hit.