Friday, August 10, 2012

10 Aug 2012

 The medium term indicator is inching back towards overbought territory, and still shows a significant divergence from the previous peak.
The short term indicator has slowed its ascent.

The VIX is near 4 year lows.  It can stay low for a while during low volume, low movement melt-ups.  However, the odds are getting lower for this to be a good buying entry point.

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