What is the Short Term Index and how do I use it?

13 April 2023
The Short Term Buying Power Index is a short-term measurement of the effect of buying, computed in terms of percentages and is a relatively sensitive index calculated on a time period of less than one half the average time period used for the Buying Power Measurement (heavy black line). The principal use of this index is for pinpointing "oversold" areas which have often proved highly profitable for buying stocks.