Phases

Index level

Difference of level

Date

Duration (years)

Low point

High point

Absolute

In %

Low point

High point

1.Upturn phase

3.963

7.976

4.013

101%

28.09.1998

06.03.2000

1.44

1. Downturn phase

2.403

7.976

−5.573

−70%

10.03.2003

07.03.2000

3.01

2.Upturn phase

2.403

8.093

5.690

237%

11.03.2003

09.07.2007

4.33

2. Downturn phase

3.666

8.093

−4.426

−55%

02.03.2009

10.07.2007

1.65

Dot = start point of each particular phase