Interesting indicator

I reviewed this indicator for my subscribers (click on the chart to enlarge it).

It is interesting to note that it dropped precipitously in 2007 at the top of the bull market.

It jumped in March 2009 at the bottom of the bear market.

In the past few weeks it declined sharply as in 2007.

Of course I beg you not to rely on any one indicator. It just shows how technical analysis can help you assessing the weakness or strength of the market and the direction of risk.

This is also another example of the kind of research you can expect when you subscribe to The Peter Dag Portfolio.

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.