novice_trader 发表于 2013-10-31 01:03 PM
But I still think Top is not in yet.
I didn't say the top is in, but it's "imminent". Whether or not the top is in, nobody can tell yet, but these signals serve a purpose to warn traders of risk-off trades and therefore, appropriate actions must be taken to reduce risk exposures. This is risk management course 101.
Take my charts with a grain of salt as my view of short-term market turns bearish in the last 2-day. Below chart shows VIX having huge spikes after ADX indicator (i.e. black line) hitting below 10.
Seasonality chart shows Santa Claus rally will take place sometime at the end of November, but it's not reliable without confirmation from trading signals.