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The top was in or it's just another buy opportunity?

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The top was in or it's just another buy opportunity?

Poll ended at Sun Feb 12, 2012 6:04 pm

Yes, the top was in! Payback time!
18
24%
Come on, give me a break! It's the buy opportunity I've been waiting for so long. Don't ever miss this train again!
8
11%
I'd like to see a few more days before calling bull or bear...
48
65%
 
Total votes: 74

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Cobra
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The top was in or it's just another buy opportunity?

Post by Cobra »

Hi, guys, poll time. Judging by today's actions, you think the top was in or it's just another buy opportunity?
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Petsamo
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Re: The top was in or it's just another buy opportunity?

Post by Petsamo »

Japan, Hang Seng, & India gapped down Thursday & Friday (except Japan gapped up Friday). Those three should gap down Monday. The sell off should continue. US should gap down Monday. Image
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SB73
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Re: The top was in or it's just another buy opportunity?

Post by SB73 »

Petsamo wrote:Japan, Hang Seng, & India gapped down Thursday & Friday (except Japan gapped up Friday). Those three should gap down Monday. The sell off should continue. US should gap down Monday. Image
I thought you were calling for a gap up? I honestly have no clue on the gaps, but I would guess small gap up followed by selling then back to test the potential top on Tues / Wed
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dcurban1
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Re: The top was in or it's just another buy opportunity?

Post by dcurban1 »

Petsamo wrote:Japan, Hang Seng, & India gapped down Thursday & Friday (except Japan gapped up Friday). Those three should gap down Monday. The sell off should continue. US should gap down Monday. Image
I went to 50% cash in my Thai brokerage account Wednesday night. The SET Index chart is ready to go parabolic and we were a couple of percentage points from last year's high.
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gappy
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Re: The top was in or it's just another buy opportunity?

Post by gappy »

Crack Spread speeding up as demand softens? I vote the trend up remains until the Israeli's act. We Texans like conspiracy theorys.
‘the petrodollar is our currency and our problem’....Gappy
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Petsamo
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Re: The top was in or it's just another buy opportunity?

Post by Petsamo »

SB73 wrote:
Petsamo wrote:Japan, Hang Seng, & India gapped down Thursday & Friday (except Japan gapped up Friday). Those three should gap down Monday. The sell off should continue. US should gap down Monday. Image
I thought you were calling for a gap up? I honestly have no clue on the gaps, but I would guess small gap up followed by selling then back to test the potential top on Tues / Wed
If we finished at the lows, I was expecting a gap up. The SPY finished at the highs. IWM finished near the lows. So, that combination was not good. I added to my long exposure with XME, but thank goodness it was only 100 shares.

I'm at 29% cash. My longs are not-so-high beta, low beta, or underbought high beta. I could sell any of my longs. I'm in a bearish posture.
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Petsamo
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Re: The top was in or it's just another buy opportunity?

Post by Petsamo »

Well there goes my gap down prediction. Nasdaq futures are +8.75 before the Nikkei open.
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