Sunday, September 11, 2011

11 Sept 2011

 Medium term hold short appears to be headed up. 
Short term is still mostly oversold, but remember we don't buy because something is oversold.  We buy when strength arises and it is oversold.  Strength would be reflected by a lower peak of hold short.  It appears this peak wants to try going higher.

 Not oversold in terms of TSV.  Looks like it could be rolling over.  From a bullish standpoint, I would like to see this bottom above the last peak.  That would make a good buying point.  No idea how that would happen considering the slowing world economy, but this stuff never makes sense.  Next Bradley point (9/26) is right around the next FOMC minutes release.
Not oversold on the McClellan oscillator either.

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