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What is a Megaphone Top Pattern - More importantly - What does it mean?
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[QUOTE]Originally posted by Relentless.: [QB] Agree 100% All you hear from the talking heads is that inflation needs to rise and there hasn't been enough.. That's the problem, no inflation. Riiight... Please explain to me that a gallon of name brand milk here is $6/gallon and we haven't seen massive inflation. This is due to exactly the dollar printing that has gone on. All while wages are permanently depressed. Used to be there was a yearly cost of living increase in wages at most decent sized companies. Now? That's all been stopped just so those same companies can stay afloat. Then add healthcare insurance laws which doubled, tripled, or even quadrupled everyone's premiums? My cost for insuring my wife and two kids was around $300/month a few years ago. That spiked in this last year to $900/month. I'm not the only one and this is why the system will implode. To me when I try to visualize this scenario, all I see is something akin to the perfect storm. The market is primed for a massive drop, referenced above in the chart. Massive inflation in goods and consumables. Derivatives bubble that poses a real bank run threat. The threat of negative interest rates on deposits. Looming war between WWIII level countries. Yikes. [/QB][/QUOTE]
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