There really are no significant changes worthy of note from the previous week. The markets have run out of steam – with such low volumes perhaps that should be of no surprise. There is scope for some price increases yet before heavy resistance is met but the markets are struggling to move upwards.
One thing that is of increasing interest, not to say concern, to us is some similarity of the markets movements with the market movements during and after the great crash of 1929. Given that reputable economists have likened the current macro economic scene to that of the Great Depression we feel it important to investigate these stock market similarities to see if it can help us decide what might be ahead of us in investment and trading terms.
We hope to have our report ready within the next few days
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