Bull’s-eye forecast. Remarkable call for the Paris CAC40

Click on charts for larger images

On 7^th February 2012 – just under four months ago - the Paris CAC 40 Index was at 3411.54 (first chart above). Regarding the wedge pattern that had formed, the forecast stated:

“But if prices begin to fall below or out of the lower boundary line, then prices will most likely fall back to at least the 2950 level.”

Prices have now done precisely this (second chart above).

It is remarkable that the CAC40 Index closed this past Friday 1^st June 2012 exactly at 2950.47 after going as low as 2922.26.

To see the comments and forecast of 8^th Feb 2012 for The Paris Bourse CAC 40 Index click on the following link to the appropriate Blog Archive:

Bearish Rising Wedge in the Paris CAC40

As you can see from the latest chart above (the second chart), the upward correction - or countertrend movement - from the low of 2693.21 on Sept 23^rd 2011  - finished on Friday 16^th March 2012.

And on this date (16^th March 2012) the greater down trend which began at least on July 7^th 2011 at the high of 4020.33 resumed.

These are truly historical times we are living in and hopefully I will get the time to post more forecasts soon.


Certainly at the moment it would seem wise to keep in mind the dialogue from the 1950 Bette Davis movie All About Eve . Eve is asked “Is it over, or is it just beginning?". She replies with that most famous line: “Fasten your seatbelts. It’s going to be a bumpy night.”

http://www.youtube.com/watch?v=XypVcv77WBU

Bumpy indeed. And for more than a night.


Best wishes to all.

James Leo Donoghue

leo_donoghue@yahoo.com.au