Cycle screening measures were weaker Wednesday. The aggregate measure fell deeper into negative territory. We should assume that the short term trend is bearish until that number turns positive. All 6 new signal measures are now on the sell side and the 3 current status measures are also all on the sell side as 6-7 week cycles, which had been the strongest, have had a breathtaking collapse in the last 3 days. The numbers are not oversold yet, particularly in terms of normal bear market parameters.
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