15 July 2013

 All time frames remain overbought.  Bubble of the century.

 Dow is tagging the channel line it lost.  No telling if that will matter.  Back in the day it might have.

This currently much lower peak (Dow is at previous peak, this is much lower) represents extreme weakness behind the facade of the mainstream indexes.

"Everything that needs to be said has already been said. But since no one was listening, everything must be said again."
Andre Gide