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W.Buffett Berkshire Hathaway

Discussion in 'Shares' started by Tropo, 16th Nov, 2008.

  1. Tropo

    Tropo Well-Known Member

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    "Berkshire Hathaway (BRKA) broke out of its 8 year trend channel after completing a double top reversal (Incredible Charts: Double Tops)
    Twiggs Money Flow (13-week) still shows signs of buying support, but retracement that respects resistance at $110,000 would confirm the down-trend."
     

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  2. C3PO

    C3PO Well-Known Member

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    Great post Tropo thanks - this is very interesting -- I wonder if shareholders are a bit uncomfortable with Berkshire's latest round of purchases?

    be interesting to watch what happens -- of course Buffett doesn't believe in technical analysis :)
     
  3. Tropo

    Tropo Well-Known Member

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    "....of course Buffett doesn't believe in technical analysis :)"

    Hmmm...I would not bet my house on it ;) :eek:
     
  4. C3PO

    C3PO Well-Known Member

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    Lol .... call me crazy but I'd short it
     
  5. Innuce

    Innuce New Member

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    Thats a pretty cross-eyed double top!... :eek:

    Looks like a random line to me.

    :rolleyes:
     
  6. C3PO

    C3PO Well-Known Member

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    down 12% overnight .....