10/20/10

Technical patterns

Candlesticks provide some useful insights on what is happening to the market.

This is an example of what I mean (click on the chart to enlarge it). What is that jumps at you when you look at this chart? Pay attention to the tops.

What I notice is that when the market rises, you see large "white" sticks and very small "red" sticks.

However, near the top you begin to see the opposite. Long and depressing "red" sticks and few "white" sticks.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 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.

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