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

|Includes:Berkshire Hathaway inc. (BRK.B)

Berkshire Hathaway Inc. (NYSE: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.

Gareth Soloway

(click to enlarge)Click to enlarge

Stocks: BRK.B