Tuesday, February 4, 2014

4 Feb 2014

 Long Term overbought.
 Medium term becoming slightly oversold by the last year's standards.
Short term bounced a little.

The summation index has shown persistent deterioration since early 2012.  The long term RSI (bottom) is not yet near a spot where we would expect a significant trend change.  Moreover, the index itself has not formed anything resembling a bifurcation point.

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