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Green Book August 2014

Major Trend Index Drops To Neutral In Early August

During the past four weeks, our stock market disciplines have deteriorated and we’ve responded by cutting our tactical accounts’ net equity exposure (via various ETF hedges) to 55% from 65%. The latest 5% reduction was triggered by a decline in the Major Trend Index to a dead “Neutral” reading of 1.00 after calculating the data for the week ended August 1st.


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