Tuesday, July 22, 2014

Coca Cola is breaking down.

No stocks will be unaffected by the PE multiple reduction, revenue reduction and profit reductions that will occur because of the coming deflationary decline.  Even Warren Buffett's old favorite, Coca Cola (ticker: KO) is being hit.  It may not seem like much yet, but the break down of support and then the back test that lead to a declining double top cannot be ignored.  KO is getting the owl treatment.  The timing for this is not coincidental.  Many big name stocks are looking very peaky right now.  You can add KO to the list now.


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