HSBC's Chief of Technical Analysis Just Warned of a Potential 1987-Type Crash
// Zero Hedge
The head of HSBC's Technical Analysis group just issued a major warning.
Unless the markets can take out their September highs, we could very well see a repeat of the 1987 Crash.
Murray Gunn is head of technical analysis for HSBC. In a recent client note, he pointed out the Head and Shoulders top pattern that presaged the 1987 Crash.
In its simplest forms, the Dow Jones Industrial Average ....