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(chart stolen from here)

I don't see any evidence of trend reversal. Though I'm sure there's a chartist out there that believes a double peak like you can see towards the end of the series is a sign of trend reversal.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Jul 23rd, 2008 at 10:28:45 AM EST
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There is probably no trend reversal as you say it, but the decrease is still important. I personnally would confusely link it to the news we hear about a slowing down in Europe and in the US. But I would appreciate if some expert from ET or elsewhere were able to describe and explain the whys and whynots of this change.

A free fox in a free henhouse!
by Xavier in Paris on Wed Jul 23rd, 2008 at 10:44:38 AM EST
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