Not to get ahead of myself

The real danger in a market like this, I can go in to greater depth, but if you've been keeping up with the updates from the 3C signals., Leading indicators, market breadth, currencies-especially the $USD and Yen which I spent 10 hours writing 2 articles about as they are that important to the very obvious, but probably one item that receives almost no weight in analysis, The F_E_D's exit strategy, well in to motion... Back to what I was saying, the real danger is a break on a gap or 1-day that takes out a month or two of trade in a day, we already saw it happen once this year and volatility (although increased from earlier in the year) was only about half of what it is now. This is the AAPL concept I have been talking about as Hedge funds flock like retail flocks, that's why we can pick up signals.

In any case, I may be getting ahead of myself as this may just be an intraday wiggles, but this is also how a new move starts. I see weakness and some negatives already brewing in the risk currencies, Euro, $AUD, EUR/USD, etc which are coming off swing lows, they should move higher, but are already showing 3C weakness as the $USD is showing 3C strength-just as I said last night and this morning, something doesn't look right with this market!

If this is so, we may get a very sharp break, very fast, this is why I prefer to be in position even if I'm a day or two off, once you hear the crack, it's too late to get in to position and you become a chaser that easily gets shaken out.

I'm going to check leading indicators although spending that time is the last thing I want to do, it's exceptionally important here.

If currencies break down this earl from an already oversold down swing from the overnight session, this early in their bounce, it could mean very serious trouble.

Please remember the AAPL example, AAPL had every look like it would make one more run before breaking down hard, then Dan Loeb's Third Point Fund (which all hedge funds follow-as I said, they flock like sheep too) showed AAPL as a top 5 holding 1 week and the next it disappeared from the top 5 list, this sent all funds scrambling to sell at once, that much money can't fit through such a small door without major consequences which have been a bear market for AAPL. Did you ever expect when AAPL was making all time new highs at $700 that 6 months later it's correction would be -45%, almost half of its value in 7 months?

We are potentially facing the same here and when 1 or 2 months of longs are knocked out in a day, it's too late to join the party.