Surge, drift, flush pattern persists — so far. Don’t snooze off.

Posted on Nov 22, 2009 by in Letters

We are now in the drift part of the pattern after a surprising one day surge at the top.  This is better illustrated in the chart below.  At the moment there is no sign of the bear wave traders have been hoping for and fearing ever since March 9.  Illustrating once more that it is better to read the chart than it is to read the news.

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