What is you favorite TA formation? head and shoulders, rounded top, desending triangle? I have found the most reliable bearish formation to be a rounded head and shoulders that forms at an intraday high. sean hannity on Fox
Here is a good article on the topic: http://www.psychologicalscience.org/newsresearch/publications/journals/sa1_2.pdf
im not defending TA here, but those who believe such things have found that different patterns work for a period of time then stop working. www.trade-ideas.com has a little gadget called odds maker which will determine what pattern(s) have worked when over the last 3 weeks and what the odds are. take it or leave it, there is NOTHING else that compares. surf