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|I often point out technical patterns and some of you might think, "Pete is just pulling this out of his ass. He just found a day that looks similar so he thinks that pattern is going to repeat." The truth...
|See any similarities?
|What actually happens is that I see the pattern setting up and then I do a quick search back to find an example so that you can see I am making things up.
|Given that pattern, I would be looking on the short side first. If the market grinds higher it will be a gradual float higher and we will need confirmation (long green candles with volume). The danger is being sucked into...