http://www.elitetrader.com/vb/showthread.php?threadid=162346 I am a swing trader, thought today's news was horrible, but watching DIA climbing up instead. No guts to short the market, nor long the market. Basically I am not doing anything today. Anyone like me today? I am so confused. The market is so overbought, in my mind,, but it still climbs up everyday.
Thank government manipulation and strategic news releases that prop the market. The positive spin put on everything is astonishing.
You could extend the time horizon of your indicators and then have the market appear to be "oversold".