Many like to compare the recent downturn with the 1987 stock market crash. In 1987 the fall was more dramatic as the market (SPI) fell 50% within weeks. From the All Time High (ATH) in 2007 until the recent low the market has fallen 46%, almost as much as in 1987, but it has taken [...]
Posts Tagged ‘double bottom’
SPI resistances
As the global financial turmoil is settling down, sort of, it is time to start looking for opportunities on the upside. Meaning looking for trend change pointing upwards. Both the Australian and American markets made bottoms on Friday 10 Oct 08. Since then we had a short-lived rally before the pessimism tightened its grip again [...]