30 Jan 2014

 Looks like the short term bounce has begun.

 Medium term still neutral.

Long term still overbought.

29 Jan 2014

 Long term overbought.

 Medium term neutral.

Short term oversold.  Short term bounces can happen from these levels.  However, the odds of a successful longer term bounce will be higher once medium term reaches oversold levels.

27 Jan 2014

 Long term overbought

 Medium term neutral

Reaching oversold levels in the short term

24 Jan 2014

 Climaxes peaking again.

 Long term remains very overbought (read: lots of room to fall).

 Medium term still positive territory (read: lots of room to fall)

Short term is nearly oversold.

22 Jan 2014

 Long term overbought.

 Medium term becoming overbought.

Short term is slightly overbought.

21 Jan 2014

 Medium term elevated

Short term rallied slightly today.  Remains slightly overbought.

Long term remains very overbought.

20 Jan 2014

 Short term slightly overbought.

Medium term slightly overbought.

Is the Dow forming a 3 Peaks and Domed House pattern?  Looks like we could have our left shoulder of the Domed House.

16 Jan 2014

 Long term overbought.

 Medium term slightly overbought.

Short term slightly overbought.

Still watching McClellan Summation Index.

15 Jan 2014

14 Jan 2014

Short term (above) bounced slightly.
Medium term bounced slightly.  Still below highs.

Waiting for a McClellan Summation roll-over.

13 Jan 2014

 Medium term slightly overbought.

Short term underwent a heavy reversal today and sits at neutral levels.

I don't like how this is looking.

8 Jan 2014

7 Jan 2014

 Long term overbought

 Medium term nearly overbought.

Short term neutral.

In the roundworm C. elegans, which is now a very popular animal for testing aging theories, because its genes and cells have been thoroughly "mapped," it was recently found that adding a gene that simply allows it to synthesize cholesterol, rather than depending on food for its sterols, increased its life span by as much as 131% (Lee, et al., 2005). That would be like increasing the human lifespan to about 175 years. These worms are also more resistant than normal to radiation and heat stress. 

- Ray Peat

6 Jan 2014

 Long term overbought.

 Medium term lagging previous peaks.

Short term isn't oversold. A slow in the descent today.

"Political power grows out of the barrel of a gun."
-- Mao Tse-tung

5 Jan 2014

 Long term overbought.

 Medium term elevated.

Short term slightly beneath neutral.

"But when I am alone, I do not have the effrontery to consider myself an artist at all, not in the grand old meaning of the word: Giotto, Titian, Rembrandt, Goya were great painters. I am only a public clown--a mountebank. "I have understood my time and have exploited the imbecility, the vanity, the greed of my contemporaries. It is a bitter confession, this confession of mine, more painful than it may seem. But at least and at last it does have the merit of being honest.
-- Pablo Picasso, 1952, In Art/The Artist

2 Jan 2013

 Long term remains overbought.

 Medium term slightly declined today.  Lagging previous peaks.

 Short term is neutral.

Buying climaxes on the rise again.  This seemed to matter in 2011, but not since.

"The definition of a Dark Age is that we no longer remember what we once could do."
Jerry Pournelle

1 Jan 2014

 Long term remains very overbought.

 Medium term is reaching overbought levels.

Short term declined again.

"It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges, at the hands of men, who control the fictitious value of gold. Interest is the invention of Satan."
-- Thomas Edison