Monday, November 11, 2013

11 Nov 2013

 Long term still diverging from the Dow.  Remains overbought.
 Medium term looks like it could bounce from here.  We'll have to see.
Short term also ripe for a bounce.

Hard to believe they could bounce with VIX already extremely depressed and the rolling over of the McClellan index.  Tread carefully on either side of the trade.

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