Monday, October 14, 2013

14 Oct 2013

 Shortest term is overbought.
 Long term still showing a narrowing of breadth the last few months.
 Medium term is bouncing hard.  Is it sustainable?
Short term rolled to the side today.  Lagging previous peaks.  Not quite overbought.

"If the governments devalue the currency in order to betray all creditors, you politely call this procedure 'inflation'."
George Bernard Shaw

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