With The Perfect Job Report Could Bears Even Hope To Score?
- Thread starter shortie
- Start date
Quote from shortie:
since July 94 SPY had 21 runs of 5 or more consecutive positive weeks (820 weeks are in the period studied). we have just had 5 +weeks in a row. one more week and we are really in an exclusive club (in other words, we are more likely to go down and not make it 6 weeks in a row).
we are a few hours of making it 6th positive week in a row. :eek:
Shortie, I have a title suggestion for you for next week's poll. "Is DOW 11,000 a bull trap?"
An analyst believes a lot of people will go long after DOW 11K because it's a sign that everything is well. Plus, I think too many bears have already been trapped.
Monday, I think we'll have a gap up above 11K. After an initial selloff, a lot of people will be buying in the morning, bringing us to new 52 week highs. It would be perfect if a selloff commenced in the afternoon.
An analyst believes a lot of people will go long after DOW 11K because it's a sign that everything is well. Plus, I think too many bears have already been trapped.
Monday, I think we'll have a gap up above 11K. After an initial selloff, a lot of people will be buying in the morning, bringing us to new 52 week highs. It would be perfect if a selloff commenced in the afternoon.
I noticed how the Greece news has only helped the markets, it seems for the past month or so news comes out that Greece is in trouble, markets pullback very little and days later another annoucement that they are getting bailed out sends markets around the world up 2% or more, the same thing again this week, Greece is in trouble one day, the next day everything is fine pushing nearly every market around the globe to new highs for 2010.