Hi Tom, Re: Value Line 1700...............
After looking at the charts presented, if one could build a fund of the V/L arithmetic index, and trade it, the obvious difference between the indexes we've reviewed would make it a hands down no brainer trade, as one would have acheived 160% gains from the bottom of the bear market. V/L would be the premier ETF sponsor and their fund would be highly regarded and traded by every retail investor and hedge fund. Buy the dips; sell the rips....
If you look at the Wilshire index, that can be traded, one only achieved an additional 5% from the previous bubble top to last year's market top. The V/L arithmetic index is a statistical distortion to inflate gains that are not achievable in the real world. As I type this, I'm ROFLOL!!! ;) The jokes' on us!
Best, Tim