Stephenvita has this nice article about how markets display prolonged periods of oversold state and how if a fat tail takes hold, these metrics lose value. Dow index has more than 90% of its stocks above the 10 day moving average and at year's high.
On a less related note, there is a great article Habits of Mind by a great mind that calls itself Without Geometry, Life is Pointless. Please read on - it is still work in progress and some of my learned colleagues can contribute too..
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