June 24, 2011

Short-term: 4 yellow
Intermediate-term: 2 yellow, 2 red
Composite: Neutral but deteriorating

Strike three on what looks like a failed bounce. I’m going to adjust my composite indicator so that it is less sensitive. That means it will be more likely to miss a trading/technical bounce but that’s not really my preferred time horizon anyway. And the short-term indicators are doing pretty well in indicating the probabilities of those short-term moves.

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