What caught my attention has been the trading range from early 2011 to August 2011. The market traded for many months between 1275 and 1350. This range may represent major resistance. In other words, stocks will have to do a lot of "work" before moving above it.
No one really knows. But it is an interesting pattern to keep in mind in the next few months.
Our technical and financial risk indicators will tell us which way stocks will break.
More details in my The Peter Dag Portfolio , in Dag's Exclusive Market Alert, and my free educational videos on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year 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.The content on this site is provided as general information only and should not be taken as 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