Next Movements on Stock Markets 22.06.2006

Having seen a major consolidation in the last weeks – some even speak about a Small Crash – is it now time for an update on where we are.
The bull markets, the positive trends on the stock markets, definitely had a significant setback. The Stock Gurus are now competing with speculations, if this was already “the long awaited correction” or just an intermediate adjustment.
Let us have a look on the facts and figures: Indeed, the markets have experienced a substantial transformation, on average indices have lost between 10 and 27% percent in the last few weeks. You can see this very well in the overview charts. But more importantly for investors is the fact, that all long lasting up-trends are now broken and have ended.
Oliver Prenns summary:"We will now see side trends for a while, so no clear up or down indications. But even at this phase there will be opportunities for wins."
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