Thursday, November 1, 2012

1 Nov 2012

 Medium term looks a lot different than its building pattern from June to October.
 Its summation index looks to be rolling over.
 Short term getting back to overbought.  Lagging previous peak.
Short term summation is not revealing much other than percentage-wise it didn't get as high as the Dow did compared to its peak in May of 2012.

I don't know how many people watch it, but NBG (National Bank of Greece) is back getting axed again.  Unfortunately, I was short and down and my broker forced me to cover my short on it when it was over 3.  Granted, ultimately, the responsibility is mine, but its a little annoying knowing that I would now be up on it.

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