Back Over the Net to Berkshire Bulls

If you followed my work back in 2010 through 2012, then you know I was wildly bullish on Berkshire Hathaway as a long-term investment, not just due to the highlighted symmetrical triangle pattern seen on the monthly chart, below, but also to a myriad of other factors.

As the largest component of the XLF, sector ETF for the financials, it merits updating Berkshire's current predicament even if you do not own a share of the firm. 

After hitting its rough measured move (of the multi-year triangle) of $225,000, Berkshire A shares have been cooling off for the first four months of 2015. Bulls will interpret that consolidation as a bull flag, also highlighted below, while bears are looking for the bottom to fall out of Buffett's Dairy Queen blizzard cup. 

In light of the Annual Meeting taking place this weekend, it would be apropos to see Berkshire make another move into summer, and likely take the financial as a group along with it. 

My take is that once a multi-year measured move target has been acquired, the edge of betting on the next move diminishes to the point where it is best not to get too heavily-involved without more information, first.