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InTheMoney_Stocks
Oct 8, 2013 7:09 PM

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

Berkshire Hathaway Inc. NewNYSE

Description

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

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
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