CAC update

See also previous blogs;

CAC june 6

The week (not two) has gone by and now all the required subdivisions are there and similar patterns have shown up in other indices such as the Dow , albeit with different starting points. The peak is perfectly at the 61.8% retracement level of the entire “Great recession” drop and coincides with a first in financial alchemy, negative interest rates, introduced yesterday by whatever-it-takes Draghi .