On 5/14/2011 the 6-pack below was posted, as the “Power of the Pattern” was reflecting - multi-year bearish rising wedges were taking place around the world and rising wedges two-thirds of the time results in lower prices (see 5/14 post here) . The pattern concerns 11 months ago were….Rising wedges were taking place around the world [...]
Last May the “Power of the Pattern” was reflecting the following situation in the 6-pack below….Global markets were all looking alike, creating bearish rising wedges and that if one support line was to break, they all should, due the the high degree of correlations. (see post here) The post shared that their was a good [...]
Shared the chart below back in May, reflecting that a multi-year flag/pennant pattern was breaking to the downside in the Shanghai index (see post here) The last line in the 5/25 post was…”the impact could be huge!” CLICK ON CHART TO ENLARGE So what has happened since the Shanghai index broke support? A global sell [...]
They say if you like Sausage, “you shouldn’t watch it being made, due to its an ugly process.” Speaking of Ugly, the Wilshire 5000 had created an ugly pattern, first published on 7/27 (see post here), prior to a very Ugly month of August. The chart below reflected that a “Head & Shoulders topping pattern [...]
On May the 14th, I shared that the world was at risk due to two key reasons…(1) Bearish rising wedges had formed around the globe and (2) Correlation risk was extremely high! (see post here) The “Power of the Pattern” was suggesting that a Domino effect was close at hand, that if one support line broke, [...]
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