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...
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