Jan 02, 2016

"Severe Correction Or Cyclical Bear" Ahead: Leuthold Major Trend Index Turns Negative | Zero Hedge

Courtesy of The Leuthold Group, Based on data for the week ended August 7th, the Major Trend Index dropped to a NEGATIVE reading of 0.90, led by declines in both the Attitudinal and Momentum/Breadth/Divergence work. The topping action evident in the MTI and other disciplines is consistent with either a severe correction, or a cyclical bear in the near future. We’ve therefore cut net equity...

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