The Fred Report - Monthly October 2017

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Our current reading of the internal momentum indicators is POSITIVE. The intermediate FBO has a divergence in place but may be a rounding bottom, and is improving. The daily FBO has given a breadth surge. A rally should improve the breadth indicators. We are hopeful as normally the McClellan is the first indicator to improve – and this pattern is starting at this time, and this improvement affects the other indicators. This is happening now.

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