The pattern is quite simple. The market has declined/consolidated several months every year at least since 2002(exception:2003). When the market enters one of these periods you know you have to wait several months before buying aggressively. When do you start buying aggressively? When our indicators (such as the one shown above) fall into the oversold area. When do you know when the market has entered one of these periods? Our proprietary indicators told us in December the market was entering into one of these periods. More on The Peter Dag Portfolio on www.peterdag.com. George Dagnino, PhD Editor since 1977.
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