Sunday, April 6, 2014

6 Apr 2014

 Still extremely overbought in the long term.  Will there ever be a mean reversion?
 Medium term neutral.  Declined on Thurs and Fri of last week.
 Short term heading back to neutral from overbought levels.
Silver is developing an interesting triangle.  Will it break out and up?  Time will tell.  The yellow line represents long term resistance from 2008.

I will be unable to post until 17 April.  Best of luck.

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