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Maddog=Uber-bearish articles about a stock crash are very rare these days-this guy invokes the “megaphone pattern”-the “jaws of death” & good luck to him!

Posted by Richard640 @ 18:46 on October 21, 2017  

This time-tested Megaphone pattern begs to differ. It has been prescient many times in the past century in all different market, regulatory, political and technological environments. That is because price patterns measure the psychological state of all market participants at the same time on planet earth, including all knowledge everyone has about everything. It is the sum total of everything known by man and therefore has predictive capability to project where stock prices are headed next, as the market reacts to that knowledge with the simple human emotions of fear and greed.

 

The primary difference this time, is the size of this Megaphone Top pattern, which is huge, almost three decades in the making. Nothing this large appeared before the 1929 crash and Great Depression, nor the 2000 to 2003 Recession and plunge, nor the 2007/2009 Crash and Great Recession. The Megaphone Top patterns that preceded them were tiny compared to this monster. Let’s see what the Megaphone pattern looked like that led to the Great Recession of 2007/2009:

http://www.gold-eagle.com/article/us-stocks-approaching-major-top-jaws-death-pattern-completes

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.