World markets tumbled Wednesday amid acute fears that Greece's debt crisis would spread like wildfire through Europe after a leading credit ratings agency downgraded the country's debt to junk status and cut Portugal's rating as well.
The fourth consolidation pattern within the downtrend since 1999 will fail eventually. The longer price struggles with the 1992-1994 resistance, the more difficult it will be to overcome.
NYSE Composite to Gold Ratio:
Source: finance.yahoo.com
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