While the article has interesting circumstantial evidence, I suspect that the suggestion of a positive market is correct this year. My shorter term trend indicator moved sharply into bullish territory two weeks ago while the several-month indicator is still bearish but is improving very slowly. I use the latter for my own assessments, since I am not a short-term trader. Usually the short-term indicator will precede the several-month indicator when a definite change of direction occurs.
Admittedly, interpreting a single indicator over a very short time amounts to mumbo jumbo. However, the experience of tracking them over decades, in my opinion, can elevate them at least slightly higher in believability. Either way, this is just a comment is not a basis for a change in strategy or allocation.
Good luck,
Tex
Posted by: mrweyl@hotmail.com
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