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SPX Poll - What do you think will be the LOY in 2017?

Cy's official Stockaholics thread archives group.

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SPX Poll - what will be the LOY printed in 2017 for the SPX?

Poll closed Jan 3, 2017.
  1. 2250 - 2200

    0 vote(s)
    0.0%
  2. 2199 - 2150

    0 vote(s)
    0.0%
  3. 2149 - 2100

    25.0%
  4. 2099 - 2050

    12.5%
  5. 2049 - 2000

    12.5%
  6. 1999 - 1950

    12.5%
  7. 1949 - 1900

    12.5%
  8. 1899 - 1850

    12.5%
  9. 1849 - 1800

    0 vote(s)
    0.0%
  10. 1799 or lower

    12.5%
  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    SPX Poll - What do you think will be the LOY in 2017?

    [​IMG]

    For those of you old timers on the old boards will recall that we used to conduct these polls at the end of every year. This was originally done up by using the DJ30, but then recently (up until last year in fact) was switched over to use the SPX which I think is a much better index to gauge overall market sentiment.

    This is a very simple and straight forward poll here ... you are simply voting for what you believe will be the intraday low print (LOY) for all of 2017.

    Here was our 2016 thread-
    So, w/o getting into further ado here let's hear what you guys have in here as far as what you think will be the low point of the market in 2017.

    Don't forget to click in your vote on the poll & post your vote on this thread!

    [​IMG]
     
  2. heyimsnuffles

    heyimsnuffles Active Member

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  3. bigbear0083

    bigbear0083 Content Manager
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    ^^ Hey not too bad. :)

    What is that, about a -13% correction from current levels? That's about inline with typical bull market corrections. That would be very healthy if we see that IMHO. ;)

    I am actually leaning pretty bearish as far how deep the next market correction could go in 2017. The lowest option on this particular poll that I setup is down at 1799 or lower which would have prices dipping into bear territory from current levels. But, I'm gonna think this one over and have a vote most likely by EOY. Just not sure if we're ready for the true bear to show up quite yet. Afterall, this has been and still is the 2nd longest running bull market in history. It may still want to challenge the record which was the raging 90's bull run. We'll see.
     
  4. Steven_Burt

    Steven_Burt Active Member

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    2100-2149 I think we test the ma(200) again this year but I'm super bullish overall for 2017
     
  5. heyimsnuffles

    heyimsnuffles Active Member

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  6. bigbear0083

    bigbear0083 Content Manager
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    Well truthfully I'm leaning pretty doggone bearish for 2017, and I do think we could be revisiting last year's lows pretty easily IMHO.

    In fact, I'd even go out on a limb and say that we could hit a technical bear market territory with a draw down of at least -20% from peak to trough at some point in 2017. However, I may be in the minority with that particular view.

    Therefore I voted 1799 or lower for the 2017 lows of the year.

    Thx for the bump @heyimsnuffles
     
    heyimsnuffles likes this.
  7. heyimsnuffles

    heyimsnuffles Active Member

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    Minority is good sometimes. Fading Consensus is where I am at A LOT
     
    bigbear0083 likes this.
  8. Ken34

    Ken34 Well-Known Member

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    2149 - 2100 i voted, but i wouldnt be surprised if we saw 2000 again.
     
  9. T0rm3nted

    T0rm3nted Moderator
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    Went with 2050-2099
     
  10. tones

    tones New Member

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    1899 - 1850
     
  11. Value543

    Value543 Active Member

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    2049 - 2000 Break the 50 WMA, but pivot low before the 200 WMA...or the 20 MMA if you really zoom out the timeframe
     
  12. stock1234

    stock1234 Well-Known Member

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  13. bigbear0083

    bigbear0083 Content Manager
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    whelp, i guess we can go ahead and update this poll before EOY as well ... i mean barring a major market melt down at this point it will appear that we will have no winners to congratulate on this poll :p

    the LOY thus far in 2017 was the LOY on the first trading day of the year (2,245.13)

    just to put things into perspective here - we would need to see about a -16.50% pullback from current levels just to get to 2149 ... that ain't happening during the traditionally strong holiday period for the markets (cue the santa rally :p)

    btw, for those of you that missed my post on the HOY thread the other week, i am effectively discontinuing these LOY/HOY polls starting from next year.

    while these polls were fun to see how bullish and bearish people were for the incoming year, it was a bit excessive imo.

    the yearly market poll is probably sufficient enough for us going forward. :)
     
  14. stock1234

    stock1234 Well-Known Member

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    Wow I was way off :confused: :oops: Really didn’t expect a year with almost no pullback at all to be honest :p
     

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