“A Key Technical Indicator Just Rang the Bell on the Cyclical Bull Market”
Friday, February 5, 2016 13:22
% of readers think this story is Fact. Add your two cents.
from Zero Hedge
While the primary topic of Albert Edwards’ most recent note is the question how long China can sustain its FX intervention before tapping out and letting the hedge funds win with their short Yuan bets once total reserves drop below the critical redline of $2.7 trillion (the answer incidentally is between 5 months and 10 months assuming monthly reserve burn rates of $130BN to $60BN), we will skip that part as we have discussed it extensively in the past, and instead will fast forward to some chart porn by the SocGenarian.
Here is Albert Edwards showing that the S&P had breached key moving averages normally seen at the start of a bear market.
Continue Reading at ZeroHedge.com…
Source: http://financialsurvivalnetwork.com/2016/02/a-key-technical-indicator-just-rang-the-bell-on-the-cyclical-bull-market/?utm_source=rss&utm_medium=rss&utm_campaign=a-key-technical-indicator-just-rang-the-bell-on-the-cyclical-bull-market
