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: http://www.inthemoneystocks.com/rant-and-rave-blog/item/102077-warren-buffet-head-and-shoulders-an-ugly-signal-for-the-oracle
Chief Market Strategist