Tuesday, December 06, 2016 4:29:15 PM
Hi Gang, Saw something interesting that might be a help in the future. Not sure if this is just a one-off or if it is common. My sense is that the BOLSA, one of Mexico's stock market indexes that we often see here, tends to react rather fast to events. Take a look at the image below. Sorry it is not sharper but it is from the newspaper today.
It appears that the BOLSA was a leading indicator being a week or so faster to get to the first bottom and not dipping as much when the rest went down again.
Also it seems worth noting that all of the European Indexes were slightly delayed in hitting bottom compared to the US ones, making them lagging indicators.
What to do with this info? Paying attention to the BOLSA for indications that the bottom is on its way might be the first step. Then looking at the European Indexes as being validators that the bottom has been hit and is past once they start up might be worth paying attention to.
Who knows? Might be just a fluke for this past year alone.
Best,
Allen
It appears that the BOLSA was a leading indicator being a week or so faster to get to the first bottom and not dipping as much when the rest went down again.
Also it seems worth noting that all of the European Indexes were slightly delayed in hitting bottom compared to the US ones, making them lagging indicators.
What to do with this info? Paying attention to the BOLSA for indications that the bottom is on its way might be the first step. Then looking at the European Indexes as being validators that the bottom has been hit and is past once they start up might be worth paying attention to.
Who knows? Might be just a fluke for this past year alone.
Best,
Allen
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