I just developed this indicator (click on the graph to enlarge). I find it interesting. It gives precise market signals when it reaches high or low levels.
It is an example of what I call directional indicators. They tell us what to do when they rise or decline from extreme levels.
Its main feature is that when it turns up from low levels it gives a reliable message that the market has reached an important top.
The market reaches a major bottom several weeks after this gauge declines from high levels. It looks like the peaks of this indicator have a cycle of about six months. For instance, note how this gauge signaled the market bottomed in March and in October.
There are other features which we will examine in details in our next special edition of Market Update available to our subscribers on the website. At that time we will show the latest position of this indicator and its market implications.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
No comments:
Post a Comment