|
Post by Cosmic on Aug 30, 2010 18:22:09 GMT -5
Wow, so many decisions. I thought today would be the show. But if you didn't take profit on Friday, you lost it all today unless you sold into it. What a horrid state of affairs.
My biggest watch is the monthly candle. Dough said it was around 1090 now, last I recall it was around 1082, but that was the mark of the Bull.
August will show that the candle traded within the right area, but closed below.
I am not sure how to interpret it.
Not Sure, dangit. And I want no crap as I haven't voted a Not Sure in quite a while.
|
|
|
Post by Rich on Aug 30, 2010 18:36:56 GMT -5
I'm going contrarian with the bull pick---because as soon as I pick bear the dow will rocket.
I'm so confused.
|
|
|
Post by brosin on Aug 30, 2010 18:46:21 GMT -5
Big huge bull - I don't buy any of this.
Fed Funds Rate has not shown one iota of bearishness - in fact, quite the contrary. That's what I believe more than the noise.
I almost voted baby bear last night because it seemed like it would've been a perfect trick - I ended up just going baby bull instead so that I didn't look stupid in case we went up 500 points today.
So now that that didn't happen today (bull day), I think it's very likely to happen tomorrow.
Sorry folks, I don't buy the gloom and doom.
|
|
|
Post by ccash04 on Aug 30, 2010 18:48:40 GMT -5
No one can blame anyone for being confused as a major accumulation day followed by a major distribution day is rare (in fact hasn't happened at all recently) Anyway, its a complete crap shoot.. Voted baby bull but really I think it might be wise to just sit the morning out and wait for some direction to be found.
|
|
|
Post by demanuel2001 on Aug 30, 2010 18:58:43 GMT -5
Well my voting bear today didn't make the market go up - so I guess I need to vote BULL.
|
|
|
Post by exabi on Aug 30, 2010 19:04:09 GMT -5
Lemme see....we have Chitown PMI and Consumer Con reporting tomorrow...I ain't feeling too confident at the moment.....baby bear
|
|
|
Post by cosmic on Aug 30, 2010 19:06:36 GMT -5
No one can blame anyone for being confused as a major accumulation day followed by a major distribution day is rare (in fact hasn't happened at all recently) Anyway, its a complete crap shoot.. Voted baby bull but really I think it might be wise to just sit the morning out and wait for some direction to be found. There was a post earlier by derothschild that had some interesting thoughts on these types of days. Apparently - there have been more of them recently than in the last 70 years or something like that, and it's doomy.
|
|
|
Post by Clinton SPX on Aug 30, 2010 19:07:06 GMT -5
At this point Im a bull till spy sets a lower low
|
|
|
Post by maxi on Aug 30, 2010 19:24:08 GMT -5
Me too Baby Bull. And Clinton I love your avatar. ;D
|
|
oldcicer
Margin Account Trader
Posts: 41
|
Post by oldcicer on Aug 30, 2010 20:06:25 GMT -5
Going Bear everyone is expecting down next week .. so I am thinking they down it this week and up it next week.. there is no good news out there coming this week that I can see.. and I really doubt they are just oing to make it as easy as up down up down up down
|
|
|
Post by blueskies on Aug 30, 2010 20:11:11 GMT -5
hmmm....hmmmm.....hmmmmm..... that daily candle... ALMOST a bearish engulfing and i've seen them lean to bear.
baby bear for blue.
|
|
|
Post by Rothschild on Aug 30, 2010 20:17:14 GMT -5
No one can blame anyone for being confused as a major accumulation day followed by a major distribution day is rare (in fact hasn't happened at all recently) Anyway, its a complete crap shoot.. Voted baby bull but really I think it might be wise to just sit the morning out and wait for some direction to be found. There was a post earlier by derothschild that had some interesting thoughts on these types of days. Apparently - there have been more of them recently than in the last 70 years or something like that, and it's doomy. Cosmic, Here is Mark Lundeens bear market 1929 vs 2007 race to the bottom. The data is referring to the number of instances that we had 70% or better advancing vs declining stocks or vice versa. Anytime there is aither an excessive number of 2% moves plus or minus or excessive 70% advancing and/or declining stocks it is very simply the calling card of the grizzly bear according to lundeen. www.gold-eagle.com/editorials_08/lundeen082810.html
|
|
|
Post by Rothschild on Aug 30, 2010 20:21:17 GMT -5
Well today was one of the lightest trading days of the year and I am not quite reading to become a grizzly bear yet. I am voting bull again even in the face of the declining ma's. Next 10 days or so, however, I am ready to short hard core.
|
|
|
Post by deadmoney95 on Aug 30, 2010 21:10:35 GMT -5
|
|
tfkness
Commodities Trader
Posts: 107
|
Post by tfkness on Aug 30, 2010 21:29:39 GMT -5
I'm going bear.... I went baby bull yesterday because of peer pressure... LOL! We've got no good news coming anytime soon IMHO.... Obama speaks about his new plan and everything dumps... yeah that's about right....
1040 tomorrow
|
|
|
Post by puurfectten on Aug 30, 2010 22:18:19 GMT -5
charts say bear.. ..so i am..
|
|
|
Post by cosmic on Aug 30, 2010 22:23:47 GMT -5
Poll as of right now is pretty well balanced, because if I had not chosen Not Sure I would have chosen baby bear.
So at 8/8, I think some of the advantage may actually go to the bulls. Still not sure and I'm not changing my vote.
|
|
sowolf
Broker/Dealer
Posts: 439
|
Post by sowolf on Aug 30, 2010 23:26:18 GMT -5
Big Grizzly Bear Tomorrow. I think tomorrow is going to hurt.
Good luck everyone.
sowolf-
|
|
|
Post by commodityypro on Aug 30, 2010 23:33:54 GMT -5
|
|
|
Post by benvestor on Aug 31, 2010 1:18:24 GMT -5
Bull.. no idea really, and unfortunately not really looking too grand but i freaking need it !!
|
|
|
Post by benvestor on Aug 31, 2010 1:41:48 GMT -5
Late night numbers are just about the opposite of last night.. futures -45, Eurpope about 1% red, Nikkei -3%... looking better all the time using the backwards late night logic
|
|
|
Post by torrentio1 on Aug 31, 2010 3:04:48 GMT -5
BULL
|
|
|
Post by ask2lern on Aug 31, 2010 5:33:19 GMT -5
well I can not use the poll as my guide as it is pretty balanced................so I will be back in a minute I need to go flip a coin.........................oh shucks I don't have a 5 sided coin..................lots of bearish sentiment out there and with good reason so I will go Baby Bear..........................there will be some dip buyers and they need to get folks chasing those call contracts so I suspect we will see green for a bit.................far to much work for a poll.....but its FASTOPIA so it is worthy of the effort...............
|
|