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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (50785)	4/11/2014 10:47:51 PM
From: Return to Sender	1 Recommendation Recommended By Hawkmoon Read Replies (1) \| Respond to of 69967

OT: Wow... no wonder I like charts so much... they are actually porn? Other than that bit of hyperbole I agree with everything you are saying. Oh heck I agree period. LOL, RtS

To: Hawkmoon who wrote (50785)	4/12/2014 5:21:19 AM
From: Johnny Canuck	1 Recommendation Recommended By Hawkmoon Read Replies (1) \| Respond to of 69967

Definitely important to take a step back and look at the long term averages (200 days and weekly averages). I don't think anyone is looking for a Black Swan event right now. Even Doctor Doom is pretty quiet these days. I think the prevailing sentiment is that market is ahead of itself and the fundamental need to catch up with the expectations. A 10 to 20 percent correct from these levels would set the stage for an advance in the future. The sentiment has definitely shifted from momentum stocks to safer dividend stocks right now. Heading off on a trading break soon after some work related travel at the end of this month so I should miss most of the fireworks. It is a habit I picked up from Tom Trader, an older poster to this thread who as system index trader. It helps to give you back perspective. His system always seem to take him out in the spring and he went on some great adventure somewhere like Africa. You can get too close and lose sight of the forest because of the trees sometimes and being away allows to reset you market bias.