What Happened, Last Time?

The last time we had a major (sustained) economic melt-down, was 2007 – 2008.

The market (S&P) bottomed on March 9th, 2009, posting a low at 666.79.

During that collapse, Hartford Financial was one of the hardest hit.

It imploded, crashed, by -96.87%.

It’s important to note, HIG bottomed at 3.33, during the week-ending, 3/6/09; you can’t make this stuff up. 🙂

So, let’s take a look at what HIG, is doing now and if it’s at risk, yet again (not advice, not a recommendation).

We’re looking at the long-term, the Quarterly Chart

Hartford Financial, HIG, Quarterly

With just a few weeks left in the Quarter, HIG is positing a reversal.

From a classical analysis standpoint, a reversal back into the wedge (and then upside test) would be a potential sell-signal (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279