Utilize engineering psychology - creativity and ingenuity, to justify, debunk or combine different financial analysis techniques, providing quality/customized analysis to readers by introducing innovation in the financial world
Man we must be in overbought territory now!! Thoughts everyone??? thanks
We are in the overbought territory, some of the Sentiment Surveys are as bullish as I have seen in a long time, and the IPM Model turn date is here. However, the technical strength of this rally is unusually strong and we have not yet seen a sell signal from any of our market timing methods. Therefore, although we are very close to a top (probably early next week), we cannot say that the market has topped already. In any case, it is getting to a point where one might want to start reducing their exposure to U.S. indices.
I already reduced my US investments yesterday. I'm 10% US and 10% China Hong Kong. I'm 80% on the sidelines as of today. I made great profits since SP 1350. I won't short the upcoming decline. I'll wait for the bottom and play again.
How's the IPM model - is it working? Not a subscriber, but interested.
We are in the fourth day of the IPM and it may turn down anytime. I happen to agree with Naqvi that the markets will turn to the downside. The top is right around the corner. It is about to explode. Everything is elevated. That's why I posted the above.:josephJanuary 24, 2013 at 2:52 PMI already reduced my US investments yesterday. I'm 10% US and 10% China Hong Kong. I'm 80% on the sidelines as of today. I made great profits since SP 1350. I won't short the upcoming decline. I'll wait for the bottom and play again.
I would love to hear from you! Please leave your comment below!!