Long term remains very overbought and lagging previous values.
Medium term not yet oversold. Declining quickly.
Short term broke previous low. This is normally not a good sign. However, we're nearly oversold.
As a predominantly bearish blog, I've begun to wonder if my readership falling off is a contrarian signal. This fall off despite me identifying EVERY good buying point the last three years with my medium term indicator.
Don’t fret, stick with the program you are doing a good job. All the various Cassandra’s out there are doubted but in the end I am sure you will be proved right and the majority of those who have lost faith in reality will pay. Sadly along with many of those of us who have not.
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