I remember when I read an article about Warren Buffet sitting on 128 billion dollars cash at the end of 2019, I asked myself:
What is about to happen?
The pandemic-related crash happened in the following 2 months!
Now, he is sitting on a bigger amount of cash. According to Bloomberg, he is sitting on 149.2 Billion Dollars in the era of the highest inflation rate in the past 30 years.
The question is:
What is about to happen?
Looking at the charts, we can see the triple top formation in the BRK.A chart.
A triple top is formed by three peaks moving into the same area, with pullbacks in between, while a triple bottom consists of three troughs with rallies in the middle.
While not often observed in everyday market trading, triple tops and bottoms provide a compelling signals to technical traders for trend reversals.
In addition to chart shapes portraying the letters "M" or "W", trading volume trends should also be employed to confirm the strength of the signal.(Investopedia)
While Warren Buffet who is investing in money-making companies cuts his exposure to the market significantly, do you think it is a good time to invest?
your answer to this question will be critical in the next 3 months!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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Reference article:
https://www.investopedia.com/articles/technical/02/012102.asp
https://www.bloomberg.com/news/articles/2021-11-06/buffett-s-cash-pile-tops-record-with-149-2-billion-on-hand
Comment:
Thank you for every like, follow, and supportive comment.
Comment:
There are +100 comments, some like Warren Buffet and many do not!
I believe his investing rules and his dedication to his rules made him one of the most successful investor of all time!
No matter you like him or his approach, his number one rule make you a better trader/Investor!
“Rule number 1: Never lose money. Rule number 2: Don’t forget rule number 1.”
Warren Buffet
I believe his investing rules and his dedication to his rules made him one of the most successful investor of all time!
No matter you like him or his approach, his number one rule make you a better trader/Investor!
“Rule number 1: Never lose money. Rule number 2: Don’t forget rule number 1.”
Warren Buffet
Comment:
The old guy still thinks better than many young!
Comment:
Yes he did know that it is coming..!