12 Oct State of the Market – 12 October 2014 Posted at 17:08h in Uncategorized by Scott Schlegel ong trMedium term remains oversold and headed back to lows. Long term is nearing neutral territory for the first time since early 2012. Short term has sold off hard, but remains off lows. It remains oversold. McClellan Summation index remains in a downtrend.