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Global indexesJack Chan Here is our monthly update on global indexes for our international investors.
$SPX – sell signal in January 2008 ended the buy signal of May 2003. Most other major indexes around the world follow this pattern. $SPX is down 34% since our major sell signal was confirmed in January 2008. ***
$TSX – down 12% since our major sell signal. ***
Australia is down 32% since our major sell signal. ***
Brazil is down 28% since our major sell signal. ***
India is down 6.5% since the major sell signal. ***
France is down 44% since the major sell signal. ***
Germany is down 29%..... ***
London is down 27%. ***
Hong Kong is down 17% since the major sell. ***
Tokyo is down 37% since the major sell… ***
Shanghai is down 34% since the major sell. ***
Philippines is down 23% since the major sell.. ***
Taiwan is down 14% since the major sell. Summary All global indexes we track remain on major sell signals this month. Despite the strong rally since the March bottom, our benchmark SP500 is still down 34% from our major sell signal. Some countries have been recovering nicely so far this year, but the majority are still down substantially. If prices can stay firm and go sideways during the seasonally unfavorable months of the summer, we could see some major buy signals in late fall this year. Disclosure End of update Jun 30, 2009 321gold Ltd |
