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Was the correction over?

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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

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Cobra
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Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Was the correction over?

Post by Cobra »

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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silicon_beaver
Posts: 524
Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR

Re: Was the correction over?

Post by silicon_beaver »

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

Happy weekend.

11/11/2011
User avatar
HighRev
Posts: 78
Joined: Tue Oct 11, 2011 3:55 pm

Re: Was the correction over?

Post by HighRev »

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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Petsamo
Posts: 3339
Joined: Thu Jun 30, 2011 2:22 pm

Re: Was the correction over?

Post by Petsamo »

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 ...
Twitter @jackwag0n
fibo618
Posts: 11
Joined: Wed Oct 26, 2011 12:00 pm

Re: Was the correction over?

Post by fibo618 »

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....
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: Was the correction over?

Post by uempel »

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
User avatar
EFA
Posts: 84
Joined: Thu Oct 06, 2011 9:47 am

Re: Was the correction over?

Post by EFA »

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:
Buckethead
Posts: 141
Joined: Fri Oct 28, 2011 10:48 am

Re: Was the correction over?

Post by Buckethead »

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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Richarab
Posts: 617
Joined: Thu Sep 22, 2011 12:19 pm
Contact:

Re: Was the correction over?

Post by Richarab »

No way further up. Past the 200ma on most indexes would indicate market rigged -
User avatar
BlackThought
Posts: 186
Joined: Wed Jun 01, 2011 11:04 am

Re: Was the correction over?

Post by BlackThought »

Richarab wrote:No way further up. Past the 200ma on most indexes would indicate market rigged -
the market is rigged.
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: Was the correction over?

Post by agnosia »

this is the week we break and hold the 200sma on SPX up near 1273-4. 3rd time is the charm
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: Was the correction over?

Post by brokebybernacke2 »

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
straightarrow
Posts: 6
Joined: Tue May 31, 2011 3:58 pm

Re: Was the correction over?

Post by straightarrow »

No.
LOSER
Posts: 5
Joined: Tue Oct 18, 2011 3:44 pm

Re: Was the correction over?

Post by LOSER »

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
bap309
Posts: 4
Joined: Wed May 25, 2011 11:51 am

Re: Was the correction over?

Post by bap309 »

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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Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: Was the correction over?

Post by Cobra »

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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Subscribers can find all the members only posts HERE.
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BlackThought
Posts: 186
Joined: Wed Jun 01, 2011 11:04 am

Re: Was the correction over?

Post by BlackThought »

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...
DKPA
Posts: 1
Joined: Mon Nov 14, 2011 5:34 pm

Re: Was the correction over?

Post by DKPA »

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