Weekly Poll: History Suggests Bullish Bias

SPY Next Week

  • Bullish

    Votes: 23 46.0%

  • Flat

    Votes: 8 16.0%

  • Bearish

    Votes: 14 28.0%

  • I prefer not to say

    Votes: 5 10.0%
  • Total voters
    50
Quote from Lojanica:

Yeah well 1023, and 980 are my targets. 1023 is bagged and tagged but my cycle is set for July 6th as a low so yes 980-1000 is the next stop. Ride the bus.....
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Now Friday is gonna be tricky. Do you buy the weekend or wait it out. I am not buying unless we get the morning selloff and the afternoon rally. One day plus or minus July 6th is my target.

If the sell-off hits hard tomorrow am then load up at 11:45 am EST otherwise watch the afternoon into the close and buy pre-market (8:30am EST) Tuesday

Just guessing but we're reaching a short to medium term turning point.
 
04-23-10 04:25 PM
Strength. Everytime there is selling the sentiment swings so quickly and the bulls so strong it feeds on itself. Slow grind higher. It's weakening but ever so slowly.


04-26-10 12:22 AM
the chart indicates that there is buying pressure until the end of may

May 6th

Selloff



04-17-10 08:25 PM

Bottom call July 6th at 8:30 am eastern Standard time

All on record here...
 
Quote from Lojanica:

Now Friday is gonna be tricky. Do you buy the weekend or wait it out. I am not buying unless we get the morning selloff and the afternoon rally. One day plus or minus July 6th is my target.

If the sell-off hits hard tomorrow am then load up at 11:45 am EST otherwise watch the afternoon into the close and buy pre-market (8:30am EST) Tuesday

Just guessing but we're reaching a short to medium term turning point.
More...

So you bought this?
 
Trading Alert!!! Jack Hershey Says: "THE Bottom is IN!" !!

"
Quote from jack hershey:

Its love bug season in AZ. They are black bugs with red side stripes.

They leave condoms all over the place at night. Used condoms.

Most people are afraid to watch porno on their computuers in AZ.

The pressure on my pool filter goes higher than the BP spill after a squadron of love bugs stop for a drink.
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"

http://www.elitetrader.com/vb/showthread.php?s=&postid=2886468#post2886468
 
Could you guys tell us what the trading blogs are saying in relation to market direction?

Try to focus on conclusions: 1) go short, 2) Go long, 3) cover shorts, 4) take losses on longs.

Shortie: we start with you since you have brought a disaster in your first post from a blog that bombed it. Push ups punishment for you!:)

Update: we have only 30 minutes left. Be quick guys before the close, or an eventual move.
 
don't know what the consensus is in the blogosphere. the blog i quoted is usually quite good but was too early this time. nitro is also too early this time with his NFV showing a giant divergency for several days now.

riskfreetrading wrote to cover shorts yesterday EOD: http://financialtraders.blogspot.com/

it is a tough market to time
 
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