20 June 2013

As you might suspect, we are oversold in the shortest term.  Due to the tightening bollinger bands, it appears we are currently oversold in my 3 day indicator, but we are not at previous lows in it.

The medium term indicator appears to have broken down out of its uptrend of higher lows since 2011.

The composite indicator of all time frames is in neutral territory.  It also appears to have broken down out of its trendline.

Sorry I was out of town again this week.