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Also, the index BCI retreats from its cyclic peak right before a economic downturn in the perfectly-described way. This can be the foundation for the choice indicator BCIp (and its variant BCIw) which provides a mean 20-week foremost signal to the subsequent recession when BCIp falls below 25.
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US equity markets seemed like they had been about to take Yet another massive tumble yesterday after opening down and functioning decreased in Asian trade.