Wednesday, July 11, 2012

11 July 2012

Medium term remains overbought.  Its summation index remains subdued.  I would assume this is a sign of weakness, but this index is too new to derive much information from it.

Short term's decline slowed today.  It is not oversold.  Its direction from here is anyone's guess.

"Constant development is the law of life, and a man who always tries to maintain his dogmas in order to appear consistent drives himself into a false position."
Mohandas Gandhi

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