It's not the kind of index you hear or see very often. This is one of the charts that the guys at Breakpointtrade.com use for the market's bigger trend. (I am signed up to receive their bi-weekly newsletter. These guys are good.)
I recreated it using Stockcharts.com. As you can see, it gave a buy signal at the end of March. It didn't pick the bottom precisely, but really very good enough signal to get in. Ever since, the index (cumulative) remains up-trend, and CCI set at 13 hasn't dipped below 100, i.e. no need to sell my long positions in a hurry, yet. S&P 500, which is plotted at the bottom of the chart, still manages to maintain the uptrend line since March. If you are not so much concerned about day to day fluctuation, this summation index gives a pretty good signal.
If you use it, make sure you plot the chart as "cumulative".
For those of you who want to know what the heck is the "summation" chart, here's the explanation from Stockcharts.com.
Closing Time for 2015
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A fox doesn't seem to care if the air dose rate is in several millisieverts
per hour inside the Reactor 2 building around containment vessel.
From TEPCO's ...
8 years ago
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