Trust power technically broke in Jan 2008 two months after NZX50 broke..it regained to be 5% off its highs in MayJune 2008 while NZX50 tanked to be -20%.
Contact technically broke in Nov in tandem with the NZX50 ...it too like TPW regained against the flow of the NZX50 to form an equal top in April then again in June 2008.
Both Ulitilities performed very well in the 1st and 2nd stages of the NZX50 bear market cycle although CEN was a scary ride..
After June the NZX50 entered Stage 3 and capitulated (~-45%) and there was nowhere to hide.. CEN losing ~-50% and TPW losing ~-25%
Vector VCT chart went against the cycles it was downtrending during the NZX50 bull cycle and bottomed in May 2008 .. well before NZX50 capitulated
At the moment Vector would be one of the best performers
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