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It's a momentum indicator, similar to MACD that gives us an idea of whether or not a rally is broad-based enough to be sustained and, clearly, this one isn't.
"Twenty years is long enough for a competent investment company to generate satisfactory results, especially when the market over the same period has done well and the investment was supposed to be broad based and for growth".
But "broad based compatibility" truly needs to be broad based!
The gains were broad based.
The decline in orders was broad based.
"It will be broad based," he says.
I knew if I hunted long enough, was dedicated and broad based enough, I would find her.
Second, a 14th Amendment broad enough to support a right to privacy and bar gender discrimination is broad enough to support a right to gay marriage.
The three cases share a common question: whether Title VII of the Civil Rights Act is broad enough to encompass discrimination based on gender identity or sexual orientation.
Mr. Mittal says he has a customer and supply base that is broad enough to ride out the steel industry's cyclical downturns and international trade disputes.
Consent that is broad enough to cover all of the potential, unknown future of uses of research data is arguably too broad to be meaningful [ 8].
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com