In 2007 this proprietary indicator soared (click on graph to enlarge), suggesting the market had reached high risk levels. The message was quite correct.
A decline of this gauge to lower levels is a reliable signal the market has declined to a profitable entry point for the next several months.
I will discuss the behavior of this indicator in the next issue of The Peter Dag Portfolio.
More, much more of my analysis and recommendations when you read older posts in the blog archive and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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