Sunday, October 2, 2011

2 Oct 2011

 Has not made new lows yet so there is no divergence from the indexes to give us a clue.
 This turned on Friday.  Hold long is around 40%.
 This climbed Friday as you can see.  Oversold by bull market standards, but we don't know what a bear will bring.  I would imagine something of the inverse of what the bull looked like - consistently high.
 Quite a divergence on this from the other indexes.  This shows strength, but it is weakening.
Long term indicator keeps heading upwards.  I estimate that this can reach 85%.  We will see.

"If goods do not cross borders, armies will."
Frederic Bastiat

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