Beleive me guys !
Started by
NAV
, Jan 24 2007 10:46 PM
8 replies to this topic
#1
Posted 24 January 2007 - 10:46 PM
I don't have TT database to run statistics on, but today i think we set a record on number of posts with "Short" in the post title - There were 6 posts !. All on a day where price was attempting a breakout. Just an observation. May not mean anything
#2
Posted 24 January 2007 - 10:55 PM
I wish the silent bulls would speak up more..
This is as o 8pm pacific time today..
This is as o 8pm pacific time today..
Qui custodiet ipsos custodes?
#3
Posted 24 January 2007 - 11:02 PM
I wish the silent bulls would speak up more..
This is as o 8pm pacific time today..
That's very interesting. What does that mean ? There are many stealth bulls than the rowdy bears ?
#4
Posted 24 January 2007 - 11:04 PM
I wish the silent bulls would speak up more..
This is as o 8pm pacific time today..
That's very interesting. What does that mean ? There are many stealth bulls than the rowdy bears ?
I think it means that even though there are many that posted "going short" today, the actual position poll shows that there's a lot more bulls than bears.. and heavily leveraged bulls at that too.
A lot must've flipped today.. because by yesterday's polls, it wasn't so one sided.
Qui custodiet ipsos custodes?
#5
Posted 24 January 2007 - 11:22 PM
the silent bulls are just letting the bears hang...
themselves
#7
Posted 24 January 2007 - 11:42 PM
The bulls are keeping silent so not to jinx it, there are so few bears to pay for them though, so they'd better be quick when they will have even more company in the days ahead...
- kisa
#8
Posted 25 January 2007 - 12:40 AM
Being bullish is not in style. Bears always have much more convincing reasons why the market should decline. Personally, I regret being 50% cash in the last couple of days, and have been busy trying to put it back to work. Nothing is more bullish than a market hitting new highs, and today the SPX,NYA,VLE,MID all hit closing highs. For me to go short is a losing proposition; I can find no edge there and I don't think that many people do. (though many will say they do)
Good luck is with the man who doesn't include it in his plan.
- Graffitti
- Graffitti
#9
Posted 25 January 2007 - 02:24 AM
This market's performance without a 4% correction since the summer lows is actually something like a 15-20 yr occurence at this point. The same goes with the 10% or less corrections. The market is actually breaking the volatility records of all times. So, let me tell you, I am not trying to convince anyone to sell, but even though the short term confidence might not be there by the bears, I suspect everyone will buy the first 8% decline and its strong bounce, whether it comes here or after another 1% or 4% is the risk. I don't think the key here is whether the market has a potential to decline or whether there is too much short term bears, the question is how much long term bulls there are, and that sure seems plenty. The question is what will happen when the short term bears also turn bullish?!? I guess people have been asking this question since last September, it happened briefly in Dec, but the sentiment reversed just too rapidly...
- kisa