keep an eye on this PATTERN

to reiterate, the key w/ patterns is the fact they give you a line in the sand to make determinations of trends,  possible inflection points and overall strength/weakness of the market.

in this case, we have the $NYA (the largest index) doing the EXACT same thing it did in 2008.  so, I like to keep it simple – IF the pattern works again THEN we should see weakness and IF it fails (breaks out to the upside) we have a ways to go.  Here’s the pattern …

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cheers!

Bart

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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