I remember that post in the infamous Market Calls thread (took me awhile to find it again). http://www.elitetrader.com/vb/showthread.php?s=&threadid=48532&perpage=5&pagenumber=85 Was hoping others would join in and make it a big discussion...didn't happen because everybody was too busy making their own calls in whatever they were trading. Anyways, hope you been exploiting this price action ??? NihabaAshi
06-18-05 09:00 PM Interestingly the DJIA has made a 75 year record 7 days up last week on lower than average volume. Oil is making new highs. Volatility is more than a 10 year low. Seems to me a shelf--"cliff" is forming. Look out below. Everybody's bullish. That's when the risk is greatest. YEEEEHAAAAAAA!!!!!!!!!
Speaking of the pattern, who saw this one today ? http://finance.yahoo.com/q/bc?s=^DJI&t=1d&l=on&z=m&q=l&c=