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Re: None

Sunday, 01/29/2023 7:34:34 PM

Sunday, January 29, 2023 7:34:34 PM

Post# of 37913
On Fridays, I summarize a number of indicators to get a weekly feel for trend. The Friday rundown of indicators was a little more bullish than last week (now 3-bear and 18-bull). (These indicators tend to be both long-term and short-term, so they are different than the 20 that I report on daily.)

On Friday, 21 February, 2 days after the top before the Coronavirus pullback, there were 10 bear-signs and 1 bull-sign. Now there are 3 bear-signs and 18-Bull. Last week, there were 5 bear-sign and 17 bull-signs.

The Friday rundown is still giving a solidly bullish indication.

There was a Zweig Breadth Thrust 12 January. The 10-dMA, 50-dMA and 100-dMA of the percentage of issues advancing on the NYSE (Breadth) are all above 50%. That didn't happen in prior rallies in the last year.

I said some time back the the bottom was in. I still think it is.

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