11/29/10

Technical patterns

Interesting day. Very interesting.

The market was very weak since the start. What caught my attention was the price action of JNK. Why was JNK strong when the market was so weak? Was JNK trying to tell us the market was going to surprise us on the upside?

 JNK was right. The market rallied strongly in the last hour of trading.

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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