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    Posted January 13, 2014 by
    ronjaenisch

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    S&P has Major Top Pattern

     

    In the weeks ahead you will probably see several proclamations of doom and gloom. This is because the market at the present time has a pattern known as Three Peaks and a Domed House.

     

    This pattern was also present at the top in the 1929 and other important market tops. This however is no reason to panic.

     

    In 2012 there was also a three peaks and a domed house pattern. This can be seen on the chart above. There after a decline of about ten percent took place,
    the market went up to historic highs.

     

    When the market makes the low and goes up again Innovative Geometry will show a reversal or there will probably be an Ore indicator present. Analysis with Andrews Pitchfork suggests a low in the Fall is possible.

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