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Strategies & Market Trends : John Pitera's Market Laboratory

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To: robert b furman who wrote (14043)4/17/2013 1:10:52 PM
From: John Pitera1 Recommendation  Read Replies (1) of 33421
 
Hi Bob..... Germany equity market breaking down out of a descending triangle with a flat horizontal support line at 24 and lower and lower tops..... I really like this edwards and magee pattern, as I have found over the past 20 years that it is one of the most reliable patterns in existence........ gold was in the exact same pattern before it collapsed this past week. Now Germany is the strongest major economy in Euroland and if it's in sell mode............ well it's like that funky robot from the 1960's series "Lost in Space"

when the Robot starts saying "Danger Will Robinson" it's because something bad is about to come down the road.
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