We are officially in a bear market.
The bloodshed in the markets last week was breath-taking, with more than US$3.4 trillion (s$4.4 trillion) erased from equity values and over US $1 trillion in the US equity market alone.
Here’s a snapshot of some of the carnage:
1) The Dow Jones Industrial A...
YTE Blog
Viewing entries tagged Watch
CRANE (10.14)
After its dramatic turnaround on 17 Dec 2010 there was a crossover on the weekly chart. Directional Movement +DI 45, –DI 16, ADX 29.4, and now 48.7. A stunning daily chart is holding above the rising 30 period moving average at 97.04. I suggested in my last comment that it would be wo...
PERPETUAL (29.60)
This makes a grim picture on the monthly chart, which registered its all-time high of 84.58 on31 May 2007. The bear market took it down to 21.65 on 27 Feb 2009, and it subsequently rallied to 41.15 on 31 Aug 2009. Overall market weakness then took it back to 27.11 on 2 Jul. Direct...
AMCOR (4.40)
There was a waterfall decline after a clustering of the moving averages on the daily chart on 22/1/09 and a new low of 3.71 on 5/3/09, which prompted a strong recovery bounce to 4.58. Having a chequered price history after the 1990 low of 2.76, it rose to make a double top in May 2002...
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