Since I'm a fan of tracking indices since they always tell the future which is always history! Time is just a cycle that doesn't exist...
S&P 500...
Oct 3rd 2008 - 1099
Oct 3rd 2011 - 1099
Now study the Oct - Dec 2008 charts...
I had pointed out some levels on the NSE index...
On this thread sometime back in July I posted the shanghai longterm chart, which brokedown from a rising triangle. Since then the ching CDS rating meter is rallying. Ching econ is now in a slowdown. Research & see why soon the next selling rotation will hit asia. My few buddies here in asia land think am nuts & just doom filled. At least with their CBs trying to shore reserves using gold that is a good buffer sign. But for aussie & esp kiwi land, heat is coming...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!