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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (93257)	10/6/2011 8:30:49 AM
From: William H Huebl	1 Recommendation Read Replies (1) of 94695

The up volume relative to down volume peaked almost a month ago, depending on what MAs you are looking at. The problem I have found in relying on such models is when they go wrong, they go very, very wrong, and that includes my own models. So I try to go after a variety of indicators and models. Since we have already taken out the first level of support and now are nearing the pivot point in this move up, I believe we will not get much above 1157 before heading south. But hey, it also could get to the first level of resistance at around 1200. And A/D (cumulative) which frequently leads things, is relatively higher than the markets which bolsters your contention. So the jury is still out and we may know if things are going much higher by the trading today and the rest of the week? I have to ask what has changed that would drive the markets up? The consumer surely isn't buying in any big way and all the economic problems are still there. So until expiration week where I expect things to go south in a major way, a move up is not a bad preparation for that move, IMHO. BWDIK?

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