Weekly Poll: History Suggests Bullish Bias

Shortie:

Appreciate the work you do, but these polls are not worth two dead flies in this market environment.

 

These polls have the reliability that anything else does. Personally, I think they're useful.

 

Good that you can benefit.

 

QQQQ just hit 43.25 at 3:28PM. Is this the bottom for today?

 

do quadruple bottoms exist? anybody knows?

 

Look no one knows for sure but let's just say:

Risk holding over July 4th is too high with terrorism, oil spills, hurricanes, and the wrong seasonality to buy early and buy often.

The market is losing its bullishness over the long term especially. Yes there are buyers but only at a discount and that discount is below our recent lows--meaning the lows for 2010.

The markets will be open everywhere else on the 4th of July which means that if there is a sell-off into the weekend followed by a sell-off internationally on Monday then when the US markets open July 6th there will be a discount and the large money will flow in and then on a reversal the me too buyers and bots will follow.

That is one scenario I am looking at. Why buy now? That's what I believe to be true. Then again I will just follow the markets lead.

 

The poll is one of my many indicators.

 

of course they do...what a silly question.

doesn't mean this will be it though.

 

~3% drawdown already, hmm....

 

He may be right...if the bottom he may have in mind is a real bottom (4 buns).