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An Imminent Multi-Year High In The Stock Market?
In the March 2012 Market Roundup, Kevin Barry of the Traders & Investors Club discussed a possible megaphone topping pattern in the stock market.
Almost a year on, the market is getting very close to completing this pattern. If this pattern plays out as expected, the stock market will post a long-term top before the middle of the year and reverse hard into a severe multi-year bear market.
We shall be watching the unfolding of the pattern very carefully over the next couple of months.
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