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

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: www.inthemoneystocks...ignal-for-the-oracle

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com