The trendline on the graph (click on graph to enlarge) will give the signal when the market turns up. The Dow will have to break on the upside the trendline. It will be the signal the market is likely to head higher in the medium-term.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
1 comment:
Are you concerned with basically the destruction of every single stock sector? Won't stock sectors have to stop going down and then base for long, long period of time before this market can ever recover? So much damage has been done and continues to be done that it seems improbable that the market will return any sort of gain over the next several years. What say you?
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