Tuesday, May 15, 2012

U.S. Markets confirm Major Tops

Peter Brandt, says in his post here, the NYSE composite Index as well as the Russell 2000 have confirmed bearish head and shoulder patterns.

Please read his post for full details. I am giving below the chart for the NYSE composite taken from his blog post.


2 comments:

Naran said...

http://i49.tinypic.com/6p4v11.jpg

Sahil Singla said...

does that mean our Indian markets will no longer be in a bull trend at least for another 6months/year assuming our markets will follow the global markets as they have been doing in the past except few times?
or it is just a darkest before dawn?