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Was the correction over?

Was the correction over? Are we heading higher till at least the year end?

Poll ended at Sun Nov 13, 2011 6:03 pm

Yes, the difficult time is over, we're heading higher from here, much much higher than you could possibly imagine. Yeah, go bulls go!
29
25%
Come on, give me a break, you think just changed 2 Prime Ministers would solve all the problem? The only direction is down! Cry later you will!
62
53%
How the hell do I know, that damn Cobra changes his view almost everyday!
25
22%
 
Total votes : 116

Was the correction over?

Postby Cobra » Fri Nov 11, 2011 6:03 pm

Guys, it's the time to vote again. Please think twice before you observe your holly right because you cannot change your vote after you voted. :lol:

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Re: Was the correction over?

Postby silicon_beaver » Fri Nov 11, 2011 6:26 pm

Flee into camp of bulls. seems easier to make $$$. :D

Happy weekend.

11/11/2011
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Re: Was the correction over?

Postby HighRev » Fri Nov 11, 2011 8:05 pm

I voted for the first time here.

I voted for the first possibility.

BUT

I was thinking more along the lines of something like this:

Yes, the difficult time is over, we're heading higher from here, but you'd better close all your long positions on the first signs of strength we get, because that's all you're going to get.
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Re: Was the correction over?

Postby Petsamo » Sat Nov 12, 2011 2:15 am

The image below are volume bars from ScottradeELITE Velocity & Forces. I took the screen shot months ago. Green bars are buy bars; red bars are sell bars.

Image

Notice the equidistant red bars on EWZ. They didn't occur at the highs of EWZ, but from the time I saw those red bars, EWZ made significant moves down for weeks. I saw those equidistant red bars two different times.

This past Wednesday, 11/9, I saw equidistant bars again, but this time, they were green. I made the mistake of not going 100% long Wednesday or Thursday ...
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Re: Was the correction over?

Postby fibo618 » Sat Nov 12, 2011 12:03 pm

While I am bearish bcoz of the macro issues with Banks, I am expecting a rally to 1350-1380 (year high) and then multiple crashes in Jan

I am short and there is no sunshine yet....
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Re: Was the correction over?

Postby uempel » Sat Nov 12, 2011 1:01 pm

HighRev wrote:I voted for the first time here.

I voted for the first possibility.

BUT

I was thinking more along the lines of something like this:

Yes, the difficult time is over, we're heading higher from here, but you'd better close all your long positions on the first signs of strength we get, because that's all you're going to get.


I agree
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Re: Was the correction over?

Postby EFA » Sat Nov 12, 2011 3:23 pm

silicon_beaver wrote:Flee into camp of bulls. seems easier to make $$$. :D

Happy weekend.

11/11/2011


I hold both long and short positions (small). I think it is going to be choppy; but we are all so aware of how difficult the situation is that I will drop my longs if Cobra sneezes :lol:, has a cold and cannot give me his target price! :lol: Having said that, since there seems to be a majority of bears like me, that in itself is a bullish sign! So, as usual... we will see :roll: :roll: :roll:
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Re: Was the correction over?

Postby Buckethead » Sat Nov 12, 2011 6:53 pm

These sentiment remind me of Jackson Hole 2010. Much pessimism about whether bond purchase program work. However as we saw with qe2, as long as they buy bond, all asset classes just levitate to galaxy far far away
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Re: Was the correction over?

Postby Richarab » Sat Nov 12, 2011 9:11 pm

No way further up. Past the 200ma on most indexes would indicate market rigged -
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Re: Was the correction over?

Postby BlackThought » Sat Nov 12, 2011 9:59 pm

Richarab wrote:No way further up. Past the 200ma on most indexes would indicate market rigged -


the market is rigged.
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Re: Was the correction over?

Postby agnosia » Sun Nov 13, 2011 4:19 pm

this is the week we break and hold the 200sma on SPX up near 1273-4. 3rd time is the charm
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Re: Was the correction over?

Postby brokebybernacke2 » Sun Nov 13, 2011 7:40 pm

First vote
Bullish it is.
Someone will find a printing press for Europe and us benefits from being least worse of worst. Bull for few months. Will then revalu as market just changes so quick these days
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Re: Was the correction over?

Postby straightarrow » Mon Nov 14, 2011 12:41 am

No.
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Re: Was the correction over?

Postby LOSER » Mon Nov 14, 2011 2:21 am

Cobra: Could you make a poll to see the percentage of people winning or losing this year so far?
1.up
2.even(up or down 2%)
3. down
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Re: Was the correction over?

Postby bap309 » Mon Nov 14, 2011 8:40 am

the correction has not yet begun. it will not begin before reality sets in and people realize that there is no easy way out of the sovereign debt problems that exist here and in Europe.
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Re: Was the correction over?

Postby Cobra » Mon Nov 14, 2011 12:03 pm

LOSER wrote:Cobra: Could you make a poll to see the percentage of people winning or losing this year so far?
1.up
2.even(up or down 2%)
3. down


you can create a poll yourself, this forum is open to everyone.

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Re: Was the correction over?

Postby BlackThought » Mon Nov 14, 2011 5:58 pm

Cobra wrote:
LOSER wrote:Cobra: Could you make a poll to see the percentage of people winning or losing this year so far?
1.up
2.even(up or down 2%)
3. down


you can create a poll yourself, this forum is open to everyone.


but ppl don't visit the poll thread unless you post it on the front page...
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Re: Was the correction over?

Postby DKPA » Tue Nov 15, 2011 7:21 am

for now. maybe one more run toward 1300. still looking for shorting opportunities.
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