Domed and Doomed? A Scary Friday the 13th Chart

NEW YORK (Real Money) -- Back last year I observed that the S&P 500 index was beginning to eerily resemble and track the formation of "Three Peaks and A Domed House" popularized by technical analyst George Lindsay. As the spring became summer last year, Lindsay's pattern seemed to perfectly mimic the U.S. stock market -- and it ultimately gave a great signal that the market declines in August and October were nearly perfect buying opportunities.

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