The 4th quarter was just another nail bitting chapter in the story of “battered U.S. Financial institutions.” Although now international investors are helping to bail the water out of sinking companies like Citigroup and Merill Lynch, many investors lost their shirts with the dive that these companies took through Q4. With NYSE_MER falling 17.32% and NYSE_C dropping 36.1%, MarketClub members managed to profit with possible gains of 12.48% and 24.83% respectively.
World Rides to Wall Street's Rescue
Entry on weekly corresponding red - 10/15/07 @ 45.86
Exit on weekly green - 12/10/07 @34.65
Enter weekly corresponding red - 12/20/07 @ 29.5
Exit close of 4Q - 12-31-07 @ 29.32
2 Trades Up $11.39 /share
*Q4 per share dropped 36%, however MarketClub members used the triangles for a 24% gain
Entry on weekly corresponding red - 10/17/07 @ 69.91
Exit on weekly green - 11/30/07 @ 61.18
1 Trade Up $ 8.93 /share
*Q4 per share dropped 17.32%, however MarketClub members used the triangles for a 12% gain
These results were generated by using MarketClub's suggested method for reading the "Trade Triangles" for equities. Please see a video on the suggested method here.