by Great technical article full of graphs and things showing how well the global economic patient is doing.
The Looming Financial Holocaust, Massive Bearish Patterns Across Multiple Markets
May 30, 2010 - 05:23 PM
By: Clive Maund, Market Oracle
We had expected the broad stockmarket and the resource sector to stabilize and start to recover last week and they did, and while we are likely to see further recovery in the days and perhaps weeks ahead, there have been some ominous developments in the recent past that we would be most unwise to ignore. The market did not go into full crash mode because it was not technically ready to, although it got close to it, and crucial support held - for now. However, heavy technical damage was inflicted and a broad review of long-term charts reveals that a blood-curdlingly dangerous setup has developed across a wide spectrum of markets.
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