Tom DeMark: “Sell The World” And Soon, The US

Friday, January 11, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/11/2013

Because there are still some traders who adhere to such old normal traditions as charting and technical analysis (because apparently the FOMC committee sits down each month and observes Ichimoku clouds, RSI indicators and Bollinger bands), it is probably notable that one of the most respected chartists, Steve Cohen’s favorite technician Tom DeMark, is now uniformly bearish on virtually all markets around the world which have triggered a sell signal in his studies, and is about to drop the axe on the US as well where a “Daily 13″ signal is imminent. The caveat, of course, is that in a world in which fundamentals haven’t mattered in years, why should technicals?

The Rest…HERE

Leave a Reply

Support Revolution Radio