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

To: humble1 who wrote (24462)	10/4/2016 7:06:07 AM
From: John Pitera	Respond to of 41020

H!: The Swiss USD/CHF has also been exceptionally weak, as has the Yen.... The USD index is breaking out to the upside. Gold is in a very bearish vulnerable formation and looks ready to break down. silver is also trading bearishly There is lots of skittishness occurring globally. One way of looking at this is that you see potential global asset flight into US equities and some of the other global equity markets. With asset classes being so correlated this weakness may be a big fat red warning flag...... Charles Biderman had some interesting points at the the end of last week. The US investor has been pulling funds out of mutual funds and has not been placing them in ETF's.... a net drawdown in investment in the markets. Biderman's Approach: The key premise of our approach is that stock prices are a function of liquidity—the amount of shares available to buy and the amount of money available to buy them—rather than fundamental value. Like the prices of any tradable good, the prices of stocks are driven by supply and demand. A trading observation that just about always worked for me in the second half of the 1990's ... The US stock market sells off when there is major tropical low in the Caribbean and coming up the US coast. I wondered if the very low barometric pressure readings gave people a desire to sell... Now I don't know how this works on computer trading.... I would expect a market sell off this week if my old maxim continues to work. JP