.png)
Barron's publishes this indicator every week (click on the chart to enlarge it).
It is not perfect. It correctly signaled the correction which began in January and April when it reached 40. It incorrectly predicted a correction in July of last year.
Right now this gauge is in the process of becoming bearish. It remains to be seen if it rises to 40.
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 investment portfolio.
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
No comments:
Post a Comment