Short Term Trading Member Forum

[techcharter]

Art makes a top.

I was watching a financial report on CBS this morning about the red hot art sector. An independant firm created a chart much like a stock's price chart. It showed art averaged a 12% annual return where the SAP500 averaged only 8% annual return. The best returns on investment came from items at the lower price range. Hmmm sounds like the same relation between bluechips and penny stocks to me.

Here is the nail in the coffin!!! The Art Chart shows clear elliott waves. This last wave made a new alltime high and has completed. This implies a world market top is in place since the art market is comprised of international investors all participating at the same time.