Friday, January 6, 2012
UBS Presents Technical Doom and Nominal Boom In Two Charts
In their 2012 Technical Analysis outlook, UBS, the Swiss bank that seems the most desirous of a helping hand from any and every printing-press manufacturer in the world, sees both a major cyclical bottom forming in 2012 based on a confluence of cycles as well as a very timely long-term sell-signal based on one of its proprietary models. We assume that the downside (based on their composite sell signal which triggered last May and has a 10-13 month lag to cycle lows) they see in equity
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