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Breakout: Value Line Geometric Index

Published 10/09/2017, 12:14 AM
Updated 07/09/2023, 06:31 AM

The Value Line Geometric Index ($XVG) is an equal weighting of all the stocks on the NYSE. It has been consolidating sideways for almost 20 years. In the last several months it has broken out to the upside. This suggests a powerful and sustained move higher in the stock markets is likely to take place, and soon.

Latest comments

Thanks Gary, really interesting. Of cource we should be aware that this could be a false breakout.
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