http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=5&dy=0&id=p96388783504&a=255869372
Strangely, and rarely seen, the metals markets roared on in spite of the implications of the flags. We bailed on our shorts and got long again. It is clear the mood changed today, thanks to the Fed. No surprise. Continuation of the trend.
I thought Flags were continuation patterns not reversal patterns?