Don't be shy.
Bull Bear Poll week ending Feb 4
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Bearish
Spike,
How can I be bullish with all the fear in the eyes of the traders everywhere? All I hear is "be careful out there" and "caution is the word" and "take profits early" and "be sure of your entry."
I suppose that the bulls won last week, but by how much? Couple of points? I still say we need a 10,200 Dow or less, and the Naz needs a dip below 2000.
BTW, Traders.com says that "GM IS the Dow." And they posted some charts showing that the Dow follows GM by about two weeks. If so, WE ARE IN TROUBLE!
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I say bull this week. Last week seemed like the start of nice turnaround in the market to me. Iraq elections being over, and OPEC loosening the spigot right now (of course they'll just tighten it back up again in a month, or as soon as we hit $45/bbl) should help things along with the overall market, since it's pretty much tracking the inverse of the oil prices these days.
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The very fact that there exists that "wall of fear" is a reason to be Bullish for the upcoming week. Sentiment numbers are almost always a lagging indicator and so often wrong.
Now if we only can get Jim Cramer(the greatest contra-indicator of them all) to come out as Bearish, we'll be home free!
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Bear
Bear for week end Feb 4
The minority has been correct so far. Let’s see what happens this week.
1/14/05 17 bulls 8 bears 1/14 $compq 2087.91 DOWN .70 Majority were wrong
1/21/05 7 bulls 4 bears 1/21 $compq 2034.27 DOWN 53.64 Majority were wrong
1/28/05 5 bulls 12 bears 1/28 $compq 2035.83 UP 1.56 Majority were wrongLast edited by mimo_100; 01-31-2005, 12:03 PM.Tim - Retired Problem Solver
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Hot Off The Press
HOT OFF THE PRESS!
This just in: last week there was $1 of inside buying for every $12 in sales--folks, that's Bullish! There was $42 or so in sales for every $1 in buying for several weeks in a row. The official demarcation line between bullish and bearish is:
$10 or less in sales to $1 of inside buying=bullish
$11-13 neutral
$14 in sales or more=bearish
$42 in sales=the sky is falling.
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Bbbbbbuuuuuulllllllllll
NILE --- As stated earlier BBBUUULLLLLL!!!!!!!!!! As I glance at my latest intrests I see NILE is up over 11% already this week. Will sell on the 14th and buy roses just to cover my ass. I hope it makes enought to at least cover a doz. ===> M.E.A.
Originally posted by MEA_1956BULL === NILE === You know Sweethearts day is just around the corner. Maybe I shall buy my sweetheart some BLUE NILE this year, I'm sure she will love that. ===> M.E.A.GO BIG RED!!!!!
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