Richard’s Wisdom - Richard’s Thoughts on the PTI
My Primary Trend Index (PTI) is an amalgam of eight critical averages and indicators. Each indicator is based on the ACTION of the stock market (as opposed to sentiment indicators, monetary issues, short sales, etc.).
I developed the PTI in the late 1960's and early '70's for the purpose of aiding me in identifying the major or primary trend of the market. The eight items are computed daily in a formula which I have never revealed to anyone. Thus, the PTI provides a special and unique technical picture which has been of great value to me and my subscribers over the years.