PARIS (Reuters) – Chanel prescribed boxy white jackets and white wool skirts as a cure for boomtime excesses at its haute couture show on Tuesday, calling for a new asceticism in a ballroom crammed with celebrities and wealthy clients. While Chanel designer Karl Lagerfeld said it was time for a big cleanse after years of indulgence, rival couturier Christian Lacroix preferred to ignore the economic crisis with a fairytale display of frothy tulle dresses and embroidered taffeta coats. "We had

Chanel prescribed boxy white jackets and white wool skirts as a cure for boomtime excesses at its haute couture show on Tuesday, calling for a new asceticism in a ballroom crammed with celebrities and wealthy clients.

In this bear market it is difficult to find chart patterns that look attractive. For more details on this mystery chart (click to enlarge), read on… Leadership changes during bear markets Bear markets are periods of catharsis. They serve to cleanse the excesses of the previous market cycle. That’s why, as a general rule, technicians look for a change in sector leadership to mark the beginning of a new cycle.