Weekly Poll: No Bias For Next Week, But Mother-in-law Tells Me To Sell

SPY Next Week

  • Bullish

    Votes: 33 42.9%

  • Flat

    Votes: 6 7.8%

  • Bearish

    Votes: 32 41.6%

  • I prefer not to say

    Votes: 6 7.8%
  • Total voters
    77
Quote from shortie:

this is what's going through my head is preventing me from going long except for quick swings.

back to May 6th:

1) i was shocked how much we dropped intraday
2) i was even more shocked when the media reported it all as "fat finger", "mistake", etc.

at that time my deep suspicion was that the market simply wanted to go to SPY 105 and we will get there again sooner or later. my latest shock came on Friday we we did touch 105 again. i did not expect us to get to 105 THAT QUICKLY.

Given the speed of the down moves I am deeply suspicions now that the market actually wants to go EVEN LOWER. At the same time, with such sharp down moves, sharp short-lived bounces (like Friday's) are to be expected. Therefore, will try to play those bounces but will not hold for longer than a day or two. That's my game plan.
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Not. We go up before we go down. We are gonna go up another couple percent. Don't want the millstones to go dry. You gotta have grist for the mills. The bond yields definitely show the dflationary trend however.....
 
Quote from shortie:

we had to wait for a court order before being allowed to marry.
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That's crazy! People should be allowed to marry their cousins if they want to. I mean, what's the big deal?
 
Quote from shortie:

here is one study focusing on extreme readings of Capitulative Breadth Indicator (CBI). the post has a large table that i don't want to clutter with here.
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Those results are no better than picking an arbitrary time to go long with the same targets and (non-existent) stops.
 
Quote from TheAngryHermit:

That's crazy! People should be allowed to marry their cousins if they want to. I mean, what's the big deal?
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i agree with you, but she was my half-sister and for some reason it was a huge problem.




either that, or that both of us were under-aged...
 
Quote from Random.Capital:

Those results are no better than picking an arbitrary time to go long with the same targets and (non-existent) stops.
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it is possible. but did you test your assertion?

there is no price target in the study. the exit is when CBI goes to 3.
 
"“As far as we know, it’s not a computer error today,” Jerome Dodson, who oversees $4 billion as president of Parnassus Investments in San Francisco, said of yesterday’s slump. “The May 6 flash crash was driven by technical troubles and didn’t reflect any fundamentals. It’s surprising that regular trading would take us down to the same levels as a technical glitch.”"
http://www.businessweek.com/news/20...crash-low-signals-worse-to-come-update3-.html

:D "a technical glitch" :D
 
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