Back in the spring of 2011, I published a post which made what seemed to many an audacious, even outrageous, market call. It revolved around the dramatic re-appearance of one of the weirdest patterns in technical analysis: 'Three Peaks and a Domed House'.
This pattern warned of an imminent and spectacular stock market collapse which, whilst affecting all of us, would fall hardest on one far-flung region of the world. Those who took note of my call know what happened next. Almost exactly one year on, the pattern has re-emerged - but this time its potential for destruction is even greater. Because it now appears a market tornado is brewing which will, if it triggers, touch down right here in our own back yard.
