Thursday, October 10, 2013

10 Oct 2013

 Long term remains at extremely high levels.
 Medium term is not oversold.
Short term is bouncing from the oversold levels I pointed out the last two days.

If I were still in touch with the market, I'd guess this short term rally will fail due to the still high medium term levels and the persistent weakness showing up in the long term indicator for the past few months.

"The liberties of people never were, or never will be secure, when the transactions of their rulers may be concealed from them."
Patrick Henry

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