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Oct 29 2015

Large Gain In Technicals Bumps Up Ratio

  • Oct 29, 2015

The Major Trend Index jumped 0.11 to 0.91 using data for the week ended Oct. 23rd.  The increase came on the heels of a large gain in the Momentum/Breadth/Divergence category, and puts the ratio closer to its 0.95-1.05 neutral zone than at any time since its initial negative reading in early August. 

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager