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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: humble1 who wrote (12013)	11/14/2013 2:43:13 PM
From: sandeep	Read Replies (1) \| Respond to of 41490

You are the last man standing except for pokersam who may be just a bot.

To: humble1 who wrote (12013)	11/14/2013 5:42:21 PM
From: stuffbug	Read Replies (1) \| Respond to of 41490

"the stock market is not in a bubble like situation" Hum1, this one is too easy to pass up. Most people, subconsciously, try to tell the truth even when they are not being totally straightforward. So, parsing Janet's words, here is my interpretation. The stock market is NOT "bubble like", it is a bubble. Not saying the market won't go higher. My daily model is in bull mode. The bears had two shots to take the market down (last Friday and yesterday). They failed miserably both times. My indicator will go negative soon after the next correction starts. But it does take some time (3 days from the top and a drop of 25 handles, 5 or 6 days and a drop of 15 - 20 points) Those are ballpark estimates only as the model is sensitive to the candlestick action prior to the high. For example, the September peak was made after about a dozen up days with maybe one down day during the run. After two hard down days on above average volume, the model went neutral. On the third close (Monday after September opex), the model said to go short (1701). Correction closing low was 1655.