Weekly Poll: Pullback This Week? PART 3

SPY Next Week?

  • Bullish

    Votes: 15 46.9%
  • Flat

    Votes: 5 15.6%
  • Bearish

    Votes: 10 31.3%
  • I prefer to keep my opinion to myself

    Votes: 2 6.3%

  • Total voters
    32
  • Poll closed .
Quote from Nine_Ender:

....For example, I like RIMM because its not participating in the rally.

Quote from KMAX:

Shh! I was planning on buying RIMM tomorrow, it's under accumulation.

i think it is wrong to go long stocks that are under-performing. there could be good reasons why nobody wants them even as the market rallies.
 
We busted the double top. So how come we're not rallying?

ji29.jpg


Europe closed around -0.40%. We may duplicate that. Assuming we do, that would be bearish or pullbackish? Any theories?
imwaitingsmiley.gif

I went 80% long this morning, BTW.
 
Quote from noddyboy:

You are mocking the bulls but you are 80% long.

I really hope nobody went 80% long at the current levels. Absolute newbicidal.

A good pullback to 1100-1120 could give a short-term swing opportunity, but not at these levels.
 
Quote from shortie:

i think it is wrong to go long stocks that are under-performing. there could be good reasons why nobody wants them even as the market rallies.

Agree, but in RIMM's case I like the volume and it's in a little consolidation right now.
 
Many buyouts today:


# Unilever to buy Alberto Culver for $3.7 bln
# Southwest Airlines to buy AirTran for $1.4B
# Wal-Mart offers to buy Massmart for $4.25B
 
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