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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (4100)8/7/2002 4:18:32 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
S&P, English FTSE, German DAX all show Head&Shoulder Bear
all three have broken below the neckline
and are now retesting the break
gonna be ugly if it meets its collective targets

321gold.com

an excerpt:
It must be comforting for American traders to know that many foreign markets and traders are standing shoulder-to-shoulder, or should I say, Head-and-Shoulders to Head-and-Shoulders with the American markets in their current plight. Have a look at the three charts below, the US S&P500, the German DAX index and the UK FTSE100 index and you will see exactly what I mean. There is a striking similarity between these three 10-year charts.

ME:
the entire western world stock markets now face the same pattern
of course, patterns dont dictate their own conclusions
but they point to extreme risk underlying the indexes
clearly, something is going on, something ugly this way comes

/ jim