Today’s slightly lower close finally pushed our domestic Trend Tracking Index (TTI) below its long term trend line, although only by a fraction of a percentage. We slipped below the dividing line between bullish and bearish territory by a minuscule -0.06%. That is not enough to declare a defeat of the bulls by the bears. As I posted this morning, …
Still Hovering “Above” The Trend Line—By The Slightest Of Margins
When I watched the major indexes sink into the close yesterday, I was certain that the Domestic Trend Tracking Index (TTI) had finally crossed into bear market territory. When the final numbers were computed, we had come close but the TTI did not actually cross below the line. Here are the latest figures: Domestic TTI value: 44.3639-week trend line: 44.34% …