In the last few days I was really lazy and told myself " 2008 review is not that important. More important is the 2009 projection" that was how I excused myself.
While updating my long-term monthly chart for 2nd Board, I noticed that the 2nd Board FBM2BRD index has set a historical low on 15th December 2008 at 3913 which is equivalent to 58.69 of the old 2nd Board Index. The peak of 2nd Board was set on 19th March 1997 at 680.25. Within 18 months it plunged to a low of 75.30 on 1st September 1998, a drop of 89%. Mid December 2008 low of 58.69 is 22% lower than the 75.30 in 1998. The main question is "is there anymore play for the 2nd Board counter ?"
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