Fedgolfer's Account Talk

@ fwm, I'm not the smart money, but wish I was :)

Anyway, I think we're overextended but I think we can go on longer. Fed is going to use POMO to eat up the dips. Only some unpredicted event that causes a large volume exodus will dip this out of the bull channel. I'm looking to lighten the load soon, preferably when the indices close outside the upper BB on the weekly... Then quick re entry. Doubt it will play out perfectly, but yeah, every short term indicator is screaming overbought. But considering QE/Pomo, the shorts don't stand a chance unless there's an unanticipated major event. Jmho... Enjoy your wknd too, and some moderate entertainment.... Say, the daily show ;)
 
Using that same AGG plot specifics and looking at Transports, the transports are heading to the cloud - usually an early warning of weakness.

On the AGG plot, once the signal exits the red cloud to the downside it usually indicates a bottom.

The 2008 clash was the exception ofcourse.

I could be wrong though - any thoughts or words of wisdom thrown my way are appreciated.
 
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