The Black Box

[augieboo]

wahz, some extremely broad-brush observations based on today's chart reading. I'm seeing a rather unusual mixture of signals.

Daily charts look oversold, and generally bullish.

Weekly charts look overbought and/or just tired, i.e., generally bearish.

Monthly charts seem to be turning up on the $$, TNX/TYX, and most of the major indices. I'm actually seeing some positive divergences between price and momentum oscillators on MONTHLY charts -- I've never seen those before! At the same time, gold/XAU/HUI, CRB, and Oil all look to be headed down on a monthly basis.

So, maybe we futz around for a few weeks in an upward drift, then have Zeev's crash followed by a WHOPPER rally?

It's all a complete WAG of course, but...