If you want a picture of where the market is going just check the Investor's Business Daily mutual fund index chart of the largest funds. This is better than most indices that include everything willy nilly, because the mutual fund index is a managed index of the best charts thought to be rising right now. The current chart shows a break in the uptrend setting up a decline when the recent series of highs were each lower than the one previous. This gave a sell signal ten days ago.
Saturday, 20 October 2012
a managed index chart shows the best pix forward
If you want a picture of where the market is going just check the Investor's Business Daily mutual fund index chart of the largest funds. This is better than most indices that include everything willy nilly, because the mutual fund index is a managed index of the best charts thought to be rising right now. The current chart shows a break in the uptrend setting up a decline when the recent series of highs were each lower than the one previous. This gave a sell signal ten days ago.
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