Saturday, November 10, 2012

10 Nov 2012

 None of the long term indicators are oversold.
 The short and medium term failed to hold a positive divergence from the previous low.
This is the closest to being the same.
Medium term shows the negative divergence well.  I wouldn't quite say this is oversold yet either.

I added some longer term views of my indicators to show 2007 and 2008.

Whenever the economic life of a nation becomes precarious, the central government is forced to assume additional responsibilities for the general welfare. It must work out elaborate plans for dealing with a critical situation; it must impose ever greater restrictions upon the activities of its subjects; and if, as is very likely, worsening economic conditions result in political unrest, or open rebellion, the central government must intervene to preserve public order and its own authority. More and more power is thus concentrated in the hands of the executives and their bureaucratic managers. But the nature of power is such that even those who have not sought it, but have had it forced upon them, tend to acquire a taste for more. "Lead us not into temptation," we pray -- and with good reason; for when human beings are tempted too enticingly or too long, they generally yield. A democratic constitution is a device for preventing the local rulers from yielding to those particularly dangerous temptations that arise when too much power is concentrated in too few hands."
Aldous Huxley, Brave New World Revisited

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