26 June 2013

While medium term is oversold, it appears that it no longer is in its increasing channel since August of 2011.  While this may seem like it does not matter, it does seem to appear to show strength when one is higher than the previous.  August 2011 through April of 12 is a great example. Recent local minimums are definitely in a decline recently.
Short term continues to bounce from its oversold condition.  Remember, we'd like a positive divergence between this low and the next low to show higher odds.

"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
This world in arms is not spending money alone.
It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children.
The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities.
It is two electric power plants, each serving a town of 60,000 population.
It is two fine, fully equipped hospitals.
It is some 50 miles of concrete highway.
We pay for a single fighter with a half million bushels of wheat.
We pay for a single destroyer with new homes that could have housed more than 8,000 people.
This, I repeat, is the best way of life to be found on the road the world has been taking.
This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron."
-- Dwight D. Eisenhower, April 16 1953