Thursday, November 7, 2013

7 Nov 2013

Long term overbought.
 Medium term decline continues.

Short term surpassed  recent lows.  Heading back into oversold territory.

Composite indicator still in positive territory.  Shortest term nearly oversold.  Notice how tight the bollinger bands are on the second and third panes.  Looks somewhat like how tight they were in 2007.

"Find the trend whose premise is false, and bet against it."
 George Soros

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