InTheMoney Stocks

Warren Buffet Head And Shoulders: An Ugly Signal For The Oracle

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Berkshire Hathaway Inc             . $BRK.B, Warren Buffet's company has an ugly head and shoulder pattern forming on the daily chart . Considering this company owns a little of everything, it is a very ominous sign for the global economy. Head and shoulder patterns are bearish patterns, predicting steep drops. The key break down level on Berkshire Hathaway             is $111.00. If it takes out that level to the downside, $102.00 would be the next stop. Please note the chart below.

Chart with H&S pattern here:

Gareth Soloway
Chief Market Strategist
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