Interesting patterns

I always look for patterns (click on the chart to enlarge it). They tell me what is going on. And what is likely to happen.

Note that heavy volume takes place at the end or at the beginning of a rally.

One more pattern. Support and resistance levels are important. Resistance levels may provide the hint of a strong move when they are broken on the upside with heavy volume.

Have a nice day!

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

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