Monday, July 5, 2010

Great Depression Pattern

Daryl Guppy is a technical analyst and a contributor to CNBC. I always read anything with his name attached to it, as his predictions are usually correct.

I saw a giant head and shoulders top forming in the US markets some time ago.

http://econmom.blogspot.com/2010/02/15-year-head-and-shoulders-top.html

Mr. Guppy sees it too:

http://www.cnbc.com/id/38092759

Get out now.* We may see a summer bounce, but after that we are in BIG trouble...maybe sooner.

*As always, trade at your own risk and consult your own advisor. (Whether you listen to the moron or not is completely up to you.)

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