SPX WEEKLY POLL
3 replies to this topic
Posted 27 August 2010 - 07:06 PM
Down hard early, then a bottom and up. Neutral for the week.
Posted 28 August 2010 - 12:17 PM
Wow ... Are there really that many bearish people on this board after last weeks washout? Only 4 bulls and 18 bears at the time I've peeked at the poll. I would figure at least a week of consolidation would be warranted before we continue to fall
"When your position is underwater, average down" - Trader Bob
Posted 28 August 2010 - 12:27 PM
Yeah these numbers are a bit absurd, I think Friday's dramatic action left a traumatic print in people's minds that the markets are really at the edge of the table... There will be a test of the lows eventually though, if not more. Th flight to quality may actually continue for another month, people are generally afraid of Octobers...