Known as something as a bellwether for US stocks this is an index that I keep an eye on. This idea posits 3 different courses, although 2 of them are almost identical, all of them bullish eventually. Personally, I prefer the red count that suggests that we are still in the b wave of an expanding flat that will fool a lot of people.
US Advance decline line, ValueLine indexes & Equal Weight Index
Value Line indexes Geometric and Arithmetic disparity compared to Russell 3000 (98% of US Total Market Cap)
The last week my models 9 in total turned very bullish and then 2 went flat very fast . I myself flipped from very bullish to neg . I then said it is time to see the bill picture in detail . The math a cycle peak was called for into 3015 to 3041 based on long term fib relationship within the long term structure . As well as my target for the panic sp...
Fairly clear count in Value line, a broad index
Multi Rejection 1/1 Similar to Prior Market Crash
The total number of companies in the Value Line Composite Index hovers near 1650-1675, and is composed of the same companies as The Value Line Investment Survey®, excluding closed-end funds. The Value Line Composite Index has two forms, the Value Line Geometric Composite Index or the Value Line Arithmetic Composite Index Many reports said that Warren Buffett, the...
Even as the S&P and DJIA wiggle around new highs, causing shorts all manner of discomfort, the Value Line Arithmetic, the REAL market, un-cap-weighted average stocks is nowhere near and very close to the end of a clear double Zig-Zag......