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The Resourceful Bear Blog

Retail Stocks Seen Failing At The Middle Of A Broadening Top Pattern Going Back To November 2005

The weekly chart of the retail ETF, RTH, shows that the retail stocks are failing at the midddle of a broadening top pattern going back to November 2005.

The daily chart of the retail ETF, RTH, shows the lollipop hanging man candlestick.

The daily chart of Bed Bath and Beyond, BBBY, shows the lollipop as well.

These charts show the end of consumer driven American capitalism.

Keywords
Consumerism




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