Wednesday, October 16, 2013

16 Oct 2013

 Long term remains overbought.
 Medium term isn't overbought, but is lagging previous peaks.  I presume it will make a new high based on the performance of the ST indicator below.
Short term is very overbought.  One of the highest readings the past three years.

The US Government cannot continue to operate without taking on more debt.  This is the problem with a debt based monetary system.  It's unsustainable and always requires more money (debt) to service existing debt. Celebrate.  BTFATH.

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