Technical patterns

Interesting chart (click on the graph to enlarge it).

Trendlines are a simple and useful technical tool. Why? The longer time span violated, the more meaningful the violation of the trendline is.

The trendline shown in this chart shows that a trendline spanning 3 months has been violated on the upside by the S&P 500.

It may be a meaningful pattern. Time will tell, of course.

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

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