f^"^' 4iiKZ^ *i • , 1 • • 1 •A * "'^^fc-^w^ '1 !iC 2' i»f 1 { Li'^Va-i f^- --^ ^^ ' ,i.jba..j»ii^- - 1 . , ^1^ '^ -r L IpgC- . ;^ ' -^^isu^^i^^^^lHB^^ ^iv-i^ .^'^^^^*;.;'^--^si^^lS " ,. '^**r\jj 11^ -*ir ' -J " 5 - - '-^krm--.g-^ '^ ^^ l>.7 ^fc^ _^ ' -.JSidW" J^^^ '^ Ip^ -^'^r3m Bm^ ^ ^^^ 1 '2 '" ?* Tanglewood SUMMER 2010 Dale Chihuly ScHANTZ Galleries CONTEMPORARY GLASS 3 ELM STREET STOCKBRIDGE, MA 01262 413- 298 -3044
[email protected] Bright Green and Pink Seaform Set 8 x 15 x 9' photo: Scott Mitchell Leen NAGEMENT We/LL m^Jce^ it easy to m^t/e^yourpovtfoUo. © Copyngtit 2009 Ned Davis Research. Inc. Further distribution prohibited without prior permission All Rigtits Reserved. See NDR Disclaimer at www, ndr.com/copyright.html. For data vendor disclaimers refer to wv/w.ndr,com/vendorinfo/. May 11, 2001 (sell) May 10, 2002 (sell) November 15, 2007 (sell) "Don't get too scientific.just ask yourself; "If [the NASDAQ] pierces the 1600 level "The obvious answer is a temporary does it feel like a recession? We don't again, the prudent investor will not hold position in cash." think it feels as bad as 1990-1991, but it out for another relief rally...the NASDAQ The stock market fell 48.9% after is bad enougli." is setting up for a retest of the September that sell signal. [2007] lows of the 1400S." The stock market fell 16.5% until our next buy signal. June (sell) October 11, 2002 (buy) 9, 2008 September 28, 2001 (buy) "It will make sense to reduce equity "The VIX broke 50 [on October loth], "Equity valuations are better than they exposure." and that is my buy signal this time." have been in years." The stock market rose 80% until our March 6, 2009 (buy) The stock market rose 10.4% until our next sell signal.