Saturday, June 11, 2011

Homebuilders and Shanghai Index break down at the same time!

It's Friday, and Chris "Just the Facts" Kimble returns for a cameo Dragnet impersonation, this time with a look at a similar pattern in a pair of assets not normally thought of in the same context.

Chris comments: The Shanghai Index and homebuilders both have broken out of multi-year flag/pennant patterns — to the downside — at the same time.

Not good price action from these two leading indicators!

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