I'm not a TA person but current observations do make me very...

I'm not a TA person but current observations do make me very nervous. I came across a presentation by Grant Williams via kacy on the XJO thread.

Looking at his charts and also other factors like this is a non incumbent election (US) and recent history of non incumbent elections
2000 (dot com)
2008 Housing bubble (sub prime/CDO's) burst 2 months before 2008 elections
Go back
1988 was a non incumbent election - 1987 market crash
1928 also non incumbent election - great depression

Deutsche Bank apparently in big trouble??
Huge Derivatives contract debt??

So these charts - Global PMI chart weakening 4 years prior to GFC and has been weakening 5 years post GFC bounce with SAME pattern of double top and H&S bottom

The dip in both charts is GFC


Manufacturing ISM Index - 3 lower highs