Just another manic Monday?

• llboyd
• April 20th, 2009

There has been a lot of speculation on the StockTwits feed over the last couple of weeks as to just how long this rally could last. Is today the beginning of the end? Or is the market just taking a breather, in preparation for its next march upwards? Some of our best and brightest opined on this topic:

StockTwits: so…what IS going on today?? is this the end of the rally or a temp pullback? we want your opinion: chime in @stocktwits community! $$

turbotrader: @StockTwits big picture, we’re in a bear market. The last 6 weeks is bear market rally

NOWatkins: @StockTwits It’s more of the same. The “rally” was hardly anything of the sort. We’ve still got a long way to go.

traderflorida: @StockTwits healthy pull back trend is still up, step aside until $$

Alsmillions: @StockTwits It’s a fake out. Hold your ground

p9939068: @StockTwits It’s the end of the rally. Double-dip 2010!

akshay35: @StockTwits the start of a rangebound reversal trend and a strong pullback to prev lows. might kickstart shorts

jcivey: @StockTwits bear market pull back, correction for the overbought rally in the last few weeks

unoriginal47: @StockTwits only a matter of time till resistence levels were checked, Europe remains troubled. this is a good long term sign.

Donengene: @stocktwits Seems like it is just moving sideways after the initial drop, I’m going for pullback, but watching for changes

mconnors4563: @StockTwits Overbought conditions. Consolidating gains. Temporary pullback will help to consolidate the gains and help us move forward.

microstockguru: @StockTwits i’m no fortune teller i’m just the guru,but i would say its just another manic monday some nice shorts ahead

ahmado: @StockTwits Profit taking! I hope. watching $NUAN long term.

chiphoward: @StockTwits End of the “Dead Cat Bounce”

Trader1up: @StockTwits being that there was no good reason for the rally, this is the end of the rally…

divemasterza: @StockTwits looks like the bear market rally has run out of steam…. Especially in the JSE (South Africa)

infoarbitrage: @StockTwits what’s going on is lack of bank b/s transparency + crap “real” earn. + china going souring UST long bonds = scary. MKT DOWN $$

Houstonviper1: @StockTwits end of rally and people selling off for profit IMO

finchemist: @StockTwits continuation of bear market. Economic data is stabilizing,not getting worse but definitely isn’t getting better anytime soon

infoarbitrage: @StockTwits the US Gov’ts attempt to hard-wire outcomes has become threadbare. Ultimately Mr. Market rules, n/w what Bernanke et al think $$

kaitao: @StockTwits Banks led us up. Banks leading us down. If Obama starts going after the credit card fees that are egregiously charged?

gfmurphy: @StockTwits common pattern in secular bear markets. economic indicators are still bad, which kills long term investor confidence.

kellyehp: @StockTwits It’s been a bear rally all along; but I think this is profit-taking and we’re up again to 9K before the bottom falls out again.
- @llboyd

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus