4 Sept 2013

 Medium term bounced some today.

Short term bounced to neutral at 50%.

"I have three precious things, which I hold fast and prize.

The first is gentleness; the second is frugality; the third is humility, which keeps me from putting myself before others. Be gentle, and you can be bold; be frugal, and you can be liberal; avoid putting yourself before others, and you can become a leader among men.

But in the present day men cast off gentleness, and are all for being bold; they spurn frugality, and retain only extravagance; they discard humility, and aim only at being first.

Therefore they shall surely perish.

Gentleness brings victory to him who attacks, and safety to him who defends. Those whom Heaven would save, it fences round with gentleness."
Lao Tzu

3 Sept 2013

 Medium and short terms remain slightly oversold.

 Medium term is slightly oversold in this view as well.

Short term is showing a positive divergence.  I warned of a potential bounce prior to further downside.  It's not guaranteed, but is certainly possible.

"In every 'nuclear disaster', radiation injured few if any people, whereas overplayed FEAR of radiation had disastrous impact, ruining the lives of thousands. A recent study showed that people who refused to evacuate Chernobyl were happier and outlived the evacuees by 20 years, while the evacuees themselves were depressed and suicidal.

There is nothing else that is as central to the issue as that one fact. It should not be skewed by unreasonable premises. In addition, the impact of unwarranted fear of radiation has caused massive avoidable use of fossil fuels, to the detriment of people and the environment."
Ted Rockwell, November 26, 2012

2 Sept 2013

Short and medium terms are oversold.
Long term remains very overbought.

"Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the clouds of war, it is humanity hanging on a cross of iron.
General Dwight Eisenhower