From The Pragmatic Capitalist:
Investors Business Daily's Big Picture market tracker has been a remarkably prescient indicator over the course of the last year. This simple indicator created by William O'Neill represents the M in his CAN SLIM approach to investing.
Following this indicator kept investors out of the major losses last year and got you back in the market early enough to capture the majority of the gains off the March bottom.
They've been bullish throughout the massive rally and just changed their outlook to negative...
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