Click here to see Full Image
Click here to see full image
Some comments were being made about the similarity in the weekly price pattern between now and 1987.
There was a 10 % correction early in the summer of 1987 and another ~8% correction in May. One thing that leapt at me is the underperformance (on the decline) of the Nasdaq Composite and NDX vis-a-vis the OEXand the SPX, atleast in the initial stages of the decline.
My own position : Fully short from yesterday.
Edited by kaiser soze, 21 June 2007 - 07:38 AM.
