Sunday 17 April 2011

THE CURSE OF THE DOMED HOUSE



























It sounds like classic Hollywood B-movie shlock.  




But as world stock markets storm back towards their highs in the wake of the March 2011 'nuclear correction', history may be about to inflict its equivalent of a mushroom cloud on this herd of raging bulls; because while they are busy making projections to sunnier uplands on the Dow, a number of important markets now appear to be forming a major top, in the image of a pattern known to technicians as 'Three Peaks and a Domed House'.





Monday 11 April 2011

DEJA VU ALL OVER AGAIN







Remember this chart?




I unveiled it in December of last year to warn of a degree of buying pressure which, over the past 15 years, had invariably flagged up an on-coming market correction.