I am talking about huge swings in the market.

No, not that type of swing.  I am talking about the huge daily changes in market value.  See the chart below courtesy of bigcharts.marketwatch.com.

Specifically, this chart shows huge daily changes in the Dow Jones Industrial Average (DJIA) during the week of Sept 22-26.

Monday 9/22 down 105

Tuesday 9/23  down 100

Wednesday 9/24 up 150

Thursday 9/25 down 250

Friday 9/26 up 167

The summary is the market is frothy.  Why?  Because the QE3 is winding down, the economy is still struggling and the financial sector has been over stimulated.  Thus there is a lot of nervousness.

The conclusion: we are overdue for a big correction.