Who thinks the Dow is going to rally and rocket up on Monday??

Do you think the Dow is going to rally/rocket on Monday OR think it will crash more??

  • I think it will rocket up

    Votes: 37 40.7%

  • I think it will crash further

    Votes: 54 59.3%
  • Total voters
    91
It very well could rally. There's just no way tot know what's happening next. To me that suggest Monday may well start of with a whimper, since so many are expecting a bang, one way or the other.
 
Quote from Maverick74:

ET is overwhelming short, not long. Not sure where you are getting this everyone is bullish from. I've been watching the news all weekend and every channel is calling for the end of the world as we know it. They are telling everyone to sell everything and hide under the bed.

I'm not bullish either btw. I'm an options trader. I call what I see. The VIX tripled from 15 to 40. The ISEE hit the lowest reading every recorded at 31. Volumes shattered what we had in 2008.

Did we have a capitulation? Probably. Was that the absolute low? Who knows and I don't care. I would hate to be long vol right now and that is what a short is synthetically at this point.
More...

ET is overwhelming finished and has been since around 2007-08. Markets declining 9 days in a row is not an indication of "everybody being short" FWIW. It's an indication that everyone was long ahead of the much anticipated 3-5% rally on news of the debt ceiling hike.
 
thestreet.com poll:

1 What would best describe your stance heading into the coming week of trading?

Bullish 37.4% 248 votes
Bearish 49.01% 325 votes
Neutral 13.57% 90 votes


While it is clearly bearish, I have seen it even more bearish before several times in the last ~ year (from my memory).

do we have?

a. too many bears = a good contrarian sign?
or
b. not enough bears given the amount of bad news and the giant 2 week sell-off?
 
thestreet.com polls around recent bottoms:

June 04 2011
Bullish 34.28% 84 votes
Bearish 51.02% 125 votes
Neutral 14.69% 36 votes

June 12 2011
Bullish 29.25% 79 votes
Bearish 60.37% 163 votes
Neutral 10.37% 28 votes

March 20 2011 (rebound was on the way)
Bullish 45.1% 175 votes
Bearish 36.34% 141 votes
Neutral 18.55% 72 votes

Nov 14 2010

Bullish 43.83% 270 votes
Bearish 44.96% 277 votes
Neutral 11.2% 69 votes
 
I personally am just bias as am stuck holding a stupid quite big long trade on the equity Juniper! :@ :/


And so just want the Dow (and all of market groups including juniper) to rocket up so i can ditch this trade for break even/small profit,
and then let the dow crash down to the 8,000s before i buy hard and hold for the bounce to 9,500...
 
All the major rating agencies are US based AND biased.
Well they should have downgraded the US years ago but patriotism. nationalism and fear of repercussions have kept the ratings artificially high for years.

It might inject some reality into those clowns in Washington if they portrayed the true picture. As it is the S&P have cracked under the pressure with the rest to follow as soon as they have to.
 
We should bounce Monday because volume was very high last week and there's a nice Doji on the daily s+p index.
 
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