Albert Edwards, an investment strategist for Societe Generale, says a killer wave is approaching. I don't jump on the perma-bear or perma-bull bandwagon very often, or any other bandwagon for that matter, but I have to admit that this monthly MACD chart is sort of fascinating and worth a second look.
Wish I would have thought of looking at the MACD on a monthly timeframe.
The good news, if you are currently on the wrong side of this tsunami, is the fact that this is a monthly time frame so you have a little time to get to shore, or more preferably, ride it out with an inverse ETF, before being crushed.
That's if you believe in killer waves.
Saw the chart at PragCap today.
Tuesday, September 20, 2011
Killer Wave by Albert Edwards
