Stop Losses

Copy of email sent on Aug. 24th

-------- Message original --------

Sujet:	Stop losses
Date :	Wed, 24 Aug 2011 16:37:19 +0200
De :	Bernard Leclere
Pour :

Hi all,

Based on a Dow Jones Ind. analysis, I assimilate the current stockmarket pattern to the one prevailing in the period 1932 - 1942. My understanding is that the market is closing in to the end of this pattern (2002 - 2012). I do not know when the final "capitulation" will be: it could be between now and the first quarter of 2012:

(click on image)

A stop-loss (based on the standard error channel) was triggered on the Dow Jones Ind. on the 22d of August, stop-loss which is still there today despite yesterday's good performance of the market.


For the record, I mention that a (last) support line for the GDP Target Index was (slightly) broken at the close of August 22, making the index reach a lower low:

(click on image)

Just a thought.

Bernard
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