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State of the Market – 30 October 2014

30 October 2014

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Long term is neutral.

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Short term is near overbought levels, and a bit lower than the high it made last week.

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Medium term is back into positive territory, but is not yet overbought.

This V bounce makes the major indexes look like they are trading like penny stocks. Notice the significant lagging of my indexes (medium and long term) compared with the Dow.

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