The TT polls last 2 days

Theres a lot of good traders here.. a lot of times I've seen them be weighed towards one side or other and see them win. But there's some strong sell signals in place.. OEX p/c above 1.5, rising vix for 3 days.. rydex ratios hitting the upper part of the ceiling.. yet the polls here are heavily fully long. Is it because the market can't seem to drop and end of day always recovers? Is it because there's a bull flag looking ready to break to the upside? Is it because of the inverse HnS formation? I'm just asking because the longs maybe right, but I don't understand whats making you bullish. Btw I think tomorrow is a gap up too..

Edited by dcengr, 29 July 2009 - 08:51 PM.

if its not a fakeout, the bull flag breakout targets ES 984.. cash hasn't tested futures high yet.

Right now looking at the charts, on balance, I don't have much confidence in up before a pullback. I think we need a full retest of the breakout, 200 Dow points. I saw the polls also, doesn't look good. Mirror image for the Dow for six days = down big tomorrow. I've got a couple bullish divergences showing up though. If no decent gap up, I may have to add to hedge. Either way, the polls say the waiting is over, I believe.

I've also noticed what the futures are doing seem to influence the voting. I am not sure if it is just me or if there is any validity to my theory. CP1

I've also noticed what the futures are doing seem to influence the voting. I am not sure if it is just me or if there is any validity to my theory.

CP1

I agree.

To this day, I never look at or vote in the polls No, I'm here for the discussion

Could also be coincidental. I've found, however, that our sentiment is very mercurial, organic, and variable in context. This crew is also rather right unless we really get leaning. Mark

Could also be coincidental. I've found, however, that our sentiment is very mercurial, organic, and variable in context.

This crew is also rather right unless we really get leaning.

Mark

I don't see any evidence of this board in general being right. The latest example is this rally, where the board was bearish all the way up. Of course, maybe you're referring to that as "leaning". To me what I see in general on the board is that there is alot of top/bottom picking, which will be right at times, but is mostly wrong.

IT

Theres a lot of good traders here.. a lot of times I've seen them be weighed towards one side or other and see them win.

But there's some strong sell signals in place.. OEX p/c above 1.5, rising vix for 3 days.. rydex ratios hitting the upper part of the ceiling.. yet the polls here are heavily fully long.

Is it because the market can't seem to drop and end of day always recovers?

Is it because there's a bull flag looking ready to break to the upside?

Is it because of the inverse HnS formation?

I'm just asking because the longs maybe right, but I don't understand whats making you bullish.

Btw I think tomorrow is a gap up too..

Simple. NYSI and NASI are rising.

SWING WAVES McCLELLAN

Right now looking at the charts, on balance, I don't have much confidence
in up before a pullback. I think we need a full retest of the breakout,
200 Dow points.

I saw the polls also, doesn't look good.
Mirror image for the Dow for six days = down big tomorrow.
I've got a couple bullish divergences showing up though.
If no decent gap up, I may have to add to hedge.

Either way, the polls say the waiting is over, I believe.

I think it's up big time today!