Tuesday, October 22, 2013

22 Oct 2013

 Medium term working its way into very overbought territory.
Short term bounced slightly today from its decline.

On one hand this feels like this market can go up indefinitely.  On the other hand, I don't see how my long term indicator can continue to stay pegged to its upper bound.  Have the rules really changed as the tsunami of funny money from Quantitative Easing endlessly searches for returns?  What happens when people want to claim their winnings?

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