Chapter 8. Time Cycles, Market Breadth, and Bottom-Finding Strategies
We discussed in Chapter 7, “A Three-Pronged Approach to Timing the Markets,” certain ways to determine whether stocks in general appear fundamentally undervalued, fairly valued, or overvalued and how your stock portfolios might be modified to remain in tune with stock market profit potentials indicated by whether stocks are cheap or expensive.
In this chapter, we explore certain market indicators that reflect the “true strength” of “market breadth,” which is often more significant as a measure of the strength of the stock market than many of the more popularly followed stock market indices such as the Standard & Poor’s 500 Index and the Dow Industrial Average.
Before we move along ...
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