Weekly Poll: Pullback This Week?

[jonp]

Over 1200, ya serious

 

[galvinlee888]

Quote from jonp:

Over 1200, ya serious

Apologies - I mean 1130, typo

 

[galvinlee888]

Quote from jonp:

when is this market going to sell off already

Not so soon, we have to many retail here, most of them only know long !

 

[jonp]

the way I see it we just posted a lower low and a lower high, if retail was so strong they would have broken the highs and there would have been volume. the big banks are paring all the buy orders at the top. what is everyone so dam optimistic about, this economy is garbage.

 

[KMAX]

Something to note.........
The Q's took out the June and August highs today.

 

[jonp]

something else to note, the spy took out the june and august highs yesterday, but the s and p did not. the q's took out the highs, but the nasdaq itself did not. shortie mentioned this earlier. why is this?
http://finance.yahoo.com/q/hp?s=^IXIC&a=03&b=5&c=2010&d=08&e=15&f=2010&g=d

 

[KMAX]

Quote from jonp:

something else to note, the spy took out the june and august highs yesterday, but the s and p did not. the q's took out the highs, but the nasdaq itself did not. shortie mentioned this earlier. why is this?
http://finance.yahoo.com/q/hp?s=^IXIC&a=03&b=5&c=2010&d=08&e=15&f=2010&g=d

Why? Someone correct me if I'm wrong but I think that the q's are large cap techs and big money will buy them first before the others. The NAS should follow.

 

[jonp]

the q's are the 100 biggest tech companies of the naz, but correct me if I'm wrong...in a rally don't the small caps go up first then the heavyweights follow?

 

[shortie]

semis (SMH etf) are week, making the rally suspect

 

[tradingjournals]

Quote from shortie:

semis (SMH etf) are week, making the rally suspect

1. Do you want to know what they say? (They is not semis, but...)

2. I did not read your threads (last two weeks). Should I do some catch up?

3. QLD: why are they hard to get involved into in AH? Check the volume.