28 Apr 2013

Short term descended a bit on Friday.  Remains overbought.

 Medium term remains in a downtrend, but has shown strength recently.

The McClellan summation index (almost looks like my medium term indicator) is in an uptrend the last five or so days.  The RSI shows it is still not cheap.  

"If falsehood like truth had only one face, we would be in better shape. For we would take as certain the opposite of what the liar said. But the reverse of truth has a hundred thousand shapes and a limitless field."
Michel de Montaigne