Tuesday, April 10, 2012

10 April 2012

 Buying climaxes spiking again.
 No serious deterioration in the long term indicator yet.
 Medium term continues its decline.  Nearly oversold (30%).
Short term indicator is oversold.  This is not the worst reading in the last three years, but still is bad.  Generally around these levels, a bailout (Greece, Ireland, QE2, EFSF, LTRO, ZIRP etc) of some type is rolled out.

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