23 Sept 2013

The rally I was looking for did not materialize as the intra-day signal stayed oversold.  That is typical of oversold / overbought levels.  We shall see tomorrow, if we can get the rally we have been looking for. 

Our Main-Trend indicator has been on a neg. divergence and we should watch out for a downward acceleration once our intra-day resets.  Our short-term indicator is hinting on that downside bias.  If our intra-day manages to rally it would be imperative that the signal turn and not stay in overbought for too long.  Staying overbought for too long risks our short-term indicator in turning up.

Main-Trend: UP
Short-Term: DOWN