Technical difficulties led to fewer results this week, but we have a poll nonetheless. Uncertainty remains the dominant factor.
Blogger Sentiment Poll Participants:
24/7 Wall Street (-) Abnormal Returns Ant & Sons Alpha Trends Big Picture Bloggin' Wall Street Capital Chronicle Carl Futia (+) Confused Capitalist ContraHour Controlled Greed Crossing Wall Street Crowder Blog CXO Advisory Fly on the Wall (N) Dash of Insight Day Trade Team Daily Dose of Optimism Daily Options Report Deal Breaker Dr. John Rutledge Elliot Wave Lives On Fallond Stock Picks Fickle Trader Fresh Trader Global Economic Analysis Hedgefolios Information Arbitrage (N) In The Money Daily Blog Watch Jack Stevison Kirk Report Knight Trader (-) Learning Curve MaoXian ChrisPerruna.com (N) Michael Comeau Millionaire Now (N) Naked Shorts (-) Peridot Capitalist (+) Quant Investor Random Roger's Big Picture (-) SeekingAlpha SelfInvestors Shark Report (+) Sigma Options Stock Advisors ShadowTrader Tech Trader Daily Trade King Trader Feed Trader Tim Traders-Talk Ugly Chart Wall Street Folly WindRiver Blog Wishing Wealth
OK, folks. It's about time to start looking for a bounce. It should be a good one, too. It's also going to be followed by more weakness, in all probability. The longer-term problem is that not enough folks have turned Bearish.
The good news is that the Relative VIX is quite high and that's a very good bottom-spotter.
There's a current chart and discussion of this on this thread:
http://www.traders-talk.com/mb2/index.php?showtopic=73525
Don't forget, "Weird Wolly Wednesday" (credit to Don Wolanchuk for that one) is coming. We often see some selling or at least wild trading into the Wednesday before expiration week.
Mark
Posted by: Mark Young | August 06, 2007 at 09:32 AM
We've seen wild trading before this coming wednesday, Mark. LOL.
Posted by: muckdog | August 07, 2007 at 12:21 PM
ORANJESTAD, Aruba - Felix rapidly strengthened into a dangerous Category 5 hurricane and churned through the Caribbean Sea on a path toward Central America, where forecasters said it could make landfall as “potentially catastrophic” storm.
Felix was packing winds of up to 165 mph as it headed west, according to the U.S. National Hurricane Center. It was projected to skirt Honduras’ coastline on Tuesday before slamming into Belize on Wednesday.
“As it stands, we’re still thinking that it will be a potentially catastrophic system in the early portions of this week, Tuesday evening, possibly affecting Honduras and then toward the coast of Belize,” said Dave Roberts, a hurricane specialist at the center in Miami.
Posted by: Eladaybaw | September 05, 2007 at 04:29 PM
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