Monday, August 29, 2011

29 Aug 2011

Sorry for no post last night.  As of Friday, my short term indicator is not yet overbought at 75% hold long.  It looks as though we'll gap up today so I'm guessing we will reach overbought status in the short term today.

In the medium term, we are still at 82% hold short which is considered oversold based on the short amount of time I have kept this data.

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