It isn't perfect and doesn't show the full picture but OTHERS is still one of the best representation of altcoins we have. With Bitcoin and especially Ethereum showing more and more evidence that we have already bottomed I also like this confluence here. ALTS have been in a bottoming proces for a long time. Just like the majors they haven't made new lows anymore and actually held their range. They are currently in a reversal pattern which shows there is more upside. While it isn't as classic as before as sadly OTHERS has lost the power to pull up everything when it goes up. It does show there will be room for some to pop and rise quite a bit. And luckily for most it still shows it's in the early innings.
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