Poll Results: Are 64.5% of Readers Bullish?

Yesterday we asked readers whether or not they would buy an unidentified stock based on its chart pattern.  Based on the opinions of the over 1,250 readers who voted, nearly 65% said they would not buy the stock, while just over 35% would be buyers. 

And now the results.  The chart we highlighted yesterday was actually an inverted chart of the S&P 500.  With that in mind, if you voted no, does that mean you would buy the index?

Comments

[TK]

The question was formulated with a bias, as it was not immediately obvious that by selecting no, you go short the stock. Thus the conclusion is closer to 64% of readers are undecided.

[SG]

Chart and/or technical indicators are only part of the decision process to long/short a stock/index. There are several other important factors that are considered before taking an action.

[Anthony]

I do recommend to watch this and be careful: http://dshort.com/charts/mega-bear-2000-comparisons.html?mega-bear-2000-extended

[Callistenes]

I voted yes on the inverted chart since there is an unbroken trendline for the the lows. And its at the channel lows.
So this means that I would not by the S&P when flipped right side up. I didn't say short but I would not buy. If trendline holds we will have an intermediate high of ~1150-1175 and down from there.

[Jose]

This was a real interesting exercise! However, I'd like to add another bias that this chart has: this would mean that normally the market is volatile when going up, and quiet when going down. This makes the chart a bit odd, going up fast and furious, and then going down smoothly. Congratulations for this thought provoking question!

[dboon_lives]

II thought the chart was an inverted ETF, maybe the SKF. I'm bullish (at least for the next couple of weeks), and don't these results fit with the bullish/beariish advisor chart?

[Tony]

my answer was also inverted, I meant NO...

[Paula]

Inverted Charts are an excellent way to filter out any trading biases. Those stating the it was a trick question, should reassess there decision making processes. Gestalt Psychology (not to be confused with Gestalt Therapy - 2 different things) is a wild and crazy thing. The way our minds interprets visual clues (i.e. Market behaviors) can be the difference between success and failure....especially when the stakes are high. It would behoove any pro's to practice their acuity skills.

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[ES]

"if you voted no, does that mean you would buy the index?"

Yes, it does.

[jane]

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