Interesting.
I'm not a TA person but current observations do make me very nervous.
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
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- Weekend Charting and Chat - 29th July 2016
Interesting. I'm not a TA person but current observations do...
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