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Summer markets, bull or bear? (Poll) - Page 2

Poll Results: How will the Summer markets go? (6 month time frame)

Poll expired: May 31, 2012  
  • 5% (1)
    Full on market crash!
  • 52% (9)
    Market correction
  • 5% (1)
    Flat
  • 35% (6)
    Rally back to all time highs
  • 0% (0)
    Dow 20,000!!!!!!
17 Total Votes  
post #21 of 33
5/24/12 at 8:17pm
Thread Starter 

Well, the area that I was watching has held so far....

 

Next week will be very important. I'm thinking we get a push higher to 1340-1350 and if it can hold then I'll be bullish again and my market correction idea will be off the table for now.

 

But if we test that area and if it fails I will be loading up on puts. Bring on the correction baby!

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post #22 of 33
5/24/12 at 8:19pm
I think wall street has had enough of Obama,so they'll take down towards the election
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post #23 of 33
5/24/12 at 8:57pm

we've only had 4 green days/18 trading days on the $dji this month so far... i think that was the correction.

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post #24 of 33
5/25/12 at 7:43am
Quote:
Originally Posted by o7media View Post

Well, the area that I was watching has held so far....

Next week will be very important. I'm thinking we get a push higher to 1340-1350 and if it can hold then I'll be bullish again and my market correction idea will be off the table for now.

But if we test that area and if it fails I will be loading up on puts. Bring on the correction baby!

One thing I just checked out that has me open to a bigger bounce is the 4 hr ES POC at around 1365. I could see price testing that high without the bears totally losing control. The increased volatility, whippiness, and bigger daily ranges in the last 1-2 months fits with the idea that we may have a volatile wide range trade for some time.... everyone frustrated frequently.
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post #25 of 33
6/1/12 at 1:54pm
Thread Starter 
Quote:
Originally Posted by o7media View Post

Well, the area that I was watching has held so far....

 

Next week will be very important. I'm thinking we get a push higher to 1340-1350 and if it can hold then I'll be bullish again and my market correction idea will be off the table for now.

 

But if we test that area and if it fails I will be loading up on puts. Bring on the correction baby!

 

We never quite made it to 1340-1350. Got to 1335 about and failed horribly.

 

Really looks like the next leg down is coming.

 

My next target for June is 1240 S&P.

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post #26 of 33
6/1/12 at 2:19pm
Thread Starter 
Quote:
Originally Posted by o7media View Post

Current levels:

 

DOW 12,369 (low of 12,336 today) -5.1%

S&P 1,295 (low of 1,292) -5.7%

NASDAQ 2,778 (low of 2,774) -6.2%

 

 

Looking for a move down to 1270-1280 S&P next week as major support. I'll exit any puts I'm holding there to see if we can finally bounce.

 

Here's the 1270-1280 area I was looking for.

 

DOW 12,117 -6.8%

S&P 1,277 -6.8%

NASDAQ 2,748 -7.1%

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post #27 of 33
6/1/12 at 6:04pm

that's what it seems like.. market tankage every time this guy is talking seems to me like they're trying to reinforce negativity with "the stock market/economy" & everyone knows the president controls the economy

Quote:
Originally Posted by OldFart View Post

I think wall street has had enough of Obama,so they'll take down towards the election
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post #28 of 33
6/1/12 at 6:22pm
Quote:
Originally Posted by tones View Post

we've only had 4 green days/18 trading days on the $dji this month so far... i think that was the correction.

 

Wait for it......laughing.gif

percentages.png

https://docs.google.com/spreadsheet/ccc?key=0AjcECxXNIPcKdGJBV2pCdFdObms5OXBPR3dOb1ZfeVE

 

 

 

I would call moving back to Jan. a "correction".

Or from April highs also 9%.

What if we rally back up to new highs after the correction is done?

 

Maybe we drop another 5% or so and go back up to new highs in 6 months.laughing.gif


Edited by Mark Vierra - 6/1/12 at 6:42pm
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post #29 of 33
6/1/12 at 8:06pm

no way no more rallies! i hate rallies. a put is the best thing ever invented.

 

btw:

 

=IFERROR((formula),0)

 

will delete those #div/0!'s.. just in case u were curious & cuz i hate seeing those #div/0!'s  laughing.gif

 

Quote:
Originally Posted by marcosx3x View Post

 

Wait for it......laughing.gif

percentages.png

https://docs.google.com/spreadsheet/ccc?key=0AjcECxXNIPcKdGJBV2pCdFdObms5OXBPR3dOb1ZfeVE

 

 

 

I would call moving back to Jan. a "correction".

Or from April highs also 9%.

What if we rally back up to new highs after the correction is done?

 

Maybe we drop another 5% or so and go back up to new highs in 6 months.laughing.gif

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post #30 of 33
6/1/12 at 8:29pm

Your command is my wish, oh great one.

tones.png

Quote:
Originally Posted by tones View Post

no way no more rallies! i hate rallies. a put is the best thing ever invented.

 

btw:

 

=IFERROR((formula),0)

 

will delete those #div/0!'s.. just in case u were curious & cuz i hate seeing those #div/0!'s  laughing.gif

 

Quote:
Originally Posted by marcosx3x View Post

 

Wait for it......laughing.gif

percentages.png

https://docs.google.com/spreadsheet/ccc?key=0AjcECxXNIPcKdGJBV2pCdFdObms5OXBPR3dOb1ZfeVE

 

 

 

I would call moving back to Jan. a "correction".

Or from April highs also 9%.

What if we rally back up to new highs after the correction is done?

 

Maybe we drop another 5% or so and go back up to new highs in 6 months.laughing.gif

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post #31 of 33
6/1/12 at 8:38pm

laughing.gif lmao good stuff

Quote:
Originally Posted by marcosx3x View Post

Your command is my wish, oh great one.

tones.png

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post #32 of 33
7/2/12 at 11:59pm

bump1.jpg

 

percentages.png

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post #33 of 33
7/3/12 at 12:06am
nevermind...replied to an older comment
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