The Stock Market Break Out or Break Down?


By E-man   Follow   Sun, 31 Oct 2010, 11:50pm   936 views   5 comments
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The stock market is coming up against resistance. It looks like it is due for a pull back. However, too many people are anticipating this so it may not happen. At this point, it looks like the stock market is looking for an excuse to break higher or to sell-off. So my question for you is,

- Let's say the Republicans take back to house on November 2nd. Would you think the stock market will break out or sell off the next day?

- Let's say for some reasons the Democrats get to keep the house. Would you think the stock market will break out or sell off the next day?

- Or would the stock market just go sideways?

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  1. pkennedy


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    1   11:23am Mon 1 Nov 2010   Share   Quote   Permalink   Like   Dislike  

    Unknown to known will make people happy. People who want Democrats to win will push the market higher, people who wanted Republicans to win will push the market higher.

    If we can get a breakout to happen, we might see some good upside potential, at least until we start hearing some of the bad news for year end. Then we might finally see a pull back... But from here, too many people are expecting a pull back, therefore too many are waiting for it to happen for it to actually happen.

  2. CBOEtrader


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    2   11:46am Mon 1 Nov 2010   Share   Quote   Permalink   Like   Dislike (1)  

    The market has a wild republican victory priced in.

    I would expect a more volatile market if the democrats do better than expected, but I can't say if that means the market will go higher or lower--only that the unexpected can result in volatility.

  3. zzyzzx


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    3   12:38pm Mon 1 Nov 2010   Share   Quote   Permalink   Like   Dislike  

    The Republican landslide is already baked into the stock market. Look for a post election minor selloff. After that, flip a coin.

  4. jkl


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    4   11:44pm Mon 1 Nov 2010   Share   Quote   Permalink   Like   Dislike (1)  

    inflation isnt too far away check out the food prices

    food is rocketing up investors are scrambling into commodiiteis, inflation could pull the market say 10% annually but in reality it wont mean your any richer just that everything costs more, whatever you do stay out of cash, shorting a market heading into inflation is a dangerous game if you dont like it just dont play, i may be crazy but if youve got enough cash lying around it might be a good time to start thinking of buying some assets like umm hmmm anything you want yachts and coke! the new repubs will need plenty of coke and yachts for the celebration parties ill bet the price triples, also Asian women are a another good commodity

    coke price index

  5. bob2356


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    5   11:01am Tue 2 Nov 2010   Share   Quote   Permalink   Like (1)   Dislike  

    Coke, teen age interns of both sexes, and untraceable cash will be the new bull market after the republican landslide. After all this is the party of family values.

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