Weekly Poll: When Does Xmas Rally Start?

[trefoil]

I was wrong last week, and I do feel like I've lost my mojo, as it were.
Still, I'm looking at the continuing large drops in all the vol indices and thinking there's got to be some sort of consolidation here somewhere. We've gone from bullish to wildly bullish to completely inane (or perhaps insane), which is fairly typical for a run-up of course; for a sell-off, just replace bullish with bearish, and you'd have where we were just prior to takeoff the day after Labor Day. Anyway, this is the part where you quote Keynes re irrational markets & solvency...
GDX is treating me nice, but even there I think I'm taking profits today. Sentiment is just getting completely out of hand.

 

[galvinlee888]

Quote from S2007S:

Futures bright green and oil futures even GREENER this morning, nasdaq going for 9 straight up days in a row.

As for oil I paid over $3.35 for "REGULAR", premium is already over $3.50 near me. With the cold air pushing into most of the US over the next 2 days I wouldn't doubt to see oil climb above $90 and the average price of gas nationwide jump 5-10 cents over the next 2 weeks. At this rate $4.00 gas is coming soon, wouldn't doubt $100 oil by the time the SPX gets to 1300+.

today will be 10th straight up day for nasdaq.

Bottom line is all people are bullish, and no one want to sell at this moment. As I mentioned in my another post, if you are one of those underperformance and late- to- come into market fund manager, do you want to sell now and look like an idiot next year ? Or you prefer to go in market NOW and LONG as much as you can ?

So my conclusion is today will be the 10th UP day for Nasdaq.

 

[Petsamo]

A great big downleg will send a nice thrill up my leg.

 

[shortie]

any top calls here? SPY 124.97

 

[Petsamo]

A lower high would be nice.

 

[tivthetrader]

This is called the quarterly expiration squeeze. All the y have to do is keep the foot on the gas till friday morning, and it all goes away. You can see that someone is trying to hold them up here, unless its just shorts scrambling all over themseves. Just one big squeeze over and over and over again. That is todays market. There are so few players that you dont get the two sided action we used to get. I have troubles getting filled on 10 lots, I can only imagine what it would be like to get filled on 15k contracts a day like I used to trade.

 

[Petsamo]

Quote from shortie:

any top calls here? SPY 124.97

This is where the buy-hi-sell-lo, set-your-stop-loss bunch comes in.

 

[S2007S]

FED announcement in 14 mins!!!!!!!!!!!!


Get ready for some afternoon volatility.

The dow has been up 70 points for the last 3 hours and hasn't moved since.

go figure

 

[S2007S]

Think the market is getting ready for the same boring dribble bubble ben bernanke always says.

Keep buying.

 

[Locutus]

Quote from S2007S:

When the market is only going one way, one person gets soooo excited that he thinks it can just keep going one way, thats right cramer thinks the market is headed up, up, up. So all you raging bulls have no worry, you have cramer backing you up in this hyped up bull market.


Cramer on Friday afternoon 12/10/10 said:


"""This one is a "RAGING" bull NOT an aging bull!!!!!"""

"""""""I do NOT think we've seen the highs for the year!!!!
Thats right this market still has room to run!!!!!!""""""""

"""This true bull market is just getting started!"""

Oh my god. This guy is positively nuts. "This market has barely budged for the past month!". What the F.