Weekly Poll: QE2! QE2!! QE2!!!

SPY Next Week?

  • Bullish

    Votes: 12 24.0%

  • Flat

    Votes: 8 16.0%

  • Bearish

    Votes: 24 48.0%

  • I don't have an opinion on market direction

    Votes: 4 8.0%

  • I prefer to keep my opinion to myself

    Votes: 2 4.0%
  • Total voters
    50
  • Poll closed .
A very powerful planetary alignment is about to begin… Saturn will square Pluto and the Moon and Venus will join Pluto in a septile arrangement. To add to this, the Sun septiles Saturn, too.

So I'm neutral.
 
Quote from S2007S:

3-10% CORRECTION?

As usual I have to DISAGREE with cramer, he thinks a 3-10% correction is coming, I think this guy is crazy, If anything the markets will be up 3-10%!

Who does this fool think hes kidding, this market is not going down, its going HIGHER!!!!!!

Buy every dip you get!

Cramer: Next Week’s 3 ‘Big, Bad Events’
Published: Saturday, 30 Oct 2010 | 12:03 AM ET
....
Cramer’s not so sure that’s going to happen, though. This kind of negativity is so common place, he said, that it’s probably already baked in. So maybe there’s a chance investors hunker down for the week and then emerge, rally ready, on Friday, even if the jobs number is weak.

...
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More...

Cramer left himself enough leeway to spin his call as bullish. one can never be too careful in the business of forecasting. :D
 
Quote from S2007S:

Ending price for spx by Friday


Monday 1203

Tuesday 1209

Wednesday 1223

Thursday 1228

Friday 1240


Just keep buying, there is no risk, spx to 1275 by end November and 1300-1325 by end of 2010, new historical highs by mid 2011 to 1600+!!!
More...

Contrarian (bearish) signal if there ever were one....

You'll need an amazing final 30 minutues to get the S&P even close to 1200 today.

I think you missed the parts about "news being priced in" and "buy the rumor, sell the news" in Trading 101.
 
There may be a catalyst for a post-election sell off with a Republican House victory.
The Democrats have a lame duck session where they can pass virtually anything they want with no accountability.
chair1.gif

(Lame duck sessions is the reason why I oppose term limits for Congress.)
 
6 black filled candles on SPY in the last 3 weeks. this must be a sign of a major indecision. the market has essentially waited for 3 weeks for something big, maybe? but for what? for the major 3X news bang this week?

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Attachments

even with the overnight gains ES has not taken out the highs from 6 days ago. is the top in place?

at the risk of being ridiculed by ET experts, i am bringing out the greedy long pig picture...

attachment.php


SPY 119.40
 
I cant wait until tomorrow is over and this QE2 is pushed aside, this market continues to rally based off of more worthless stimulus for the economy, its extremely hilarious that this news thats months old continues to be the driver of this stock market rally. Bubble ben bernanke continues to fail and this new QE2 will fail the same way. Cant wait until QE3 and QE4 comes around, fun times are here again.
 
so many bears here on ET, hmm...

Bullish 7 18.92%
Flat 5 13.51%
Bearish 20 54.05%
I don't have an opinion on market direction 3 8.11%
I prefer to keep my opinion to myself 2 5.41%
Total: 37 votes 100%
 
EUR/USD at 1.4045. Time is 12:49PM on election day. Smart money seem to start to show up to buy dollars between here and 0.5% higher. Will stocks feel the effect if the king is back?
 
Quote from tradingjournals:

EUR/USD at 1.4045. Time is 12:49PM on election day. Smart money seem to start to show up to buy dollars between here and 0.5% higher. Will stocks feel the effect if the king is back?
More...


TJ = Smart Money?

i hope USD is not following Elvis's fate...
 
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