Global Index Update - 11-30-2008

jack_chan's picture
December 1, 2008 by jack_chan

Summary

All global indexes we track remain on major sell signals this month.
Long term investors are in cash or hedged and will remain so until major buy signals.

Here is our monthly update on major indexes for our international investors.

 

$SPX Analysis

$SPX – sell signal in January 2008 ended the buy signal of May 2003.
Most other major indexes around the world follow this pattern.

$TSX Analysis

$TSX – down 23% since our major sell signal.

$AORD Australia Composite Index

Australia is down 37% since our major sell signal.

EWZ - Brazil iShares

Brazil is down 53% since our major sell signal.

$BSE Bombay Stock Exchange

India is down 42% since the major sell.

$CAC French CAC 40 Index

France is down 43% since the major sell.

$DAX - German DAX down 43% from Sell Signal

Germany is down 32%.....

$FTSE - London Financial Times Index Down 27% Since Sell Signal

London is down 27%.....

Hong Kong is down 37% since the major sell.

Hong Kong is down 37% since the major sell.

$NIKK - Tokyo Nikkei is down 47% since the major sell

Tokyo is down 47% since the major sell…

$SSEC - Shanghai is down 58% since the major sell.

Shanghai is down 58% since the major sell.
So far support is holding.

Philippines is down 37% since the major sell..

Philippines is down 37% since the major sell..

$TWII - Taiwan is down 40% since the major sell.

Taiwan is down 40% since the major sell.