Recognized this pattern almost immediately as soon as it formed on the daily. Looking for breakdown in the morning to get triple short...
Hmmmm. Looks more like a camel to me. I guess camels trudge along so this is a continuation pattern? Then again, camels thrive in the dry desert...is the market liquidity gonna dry up?
The QQQQs have failed to make a higher high today despite a broadbased rally. Tommorrow, funds will be selling off. Time to dump now.
If the above pics don't work, click here. NSFW: http://www.iseekgirls.com/blog/wp-content/uploads/2006/02/super_camel_toe_01.jpg
Damn! Am I glad I came across THIS post. I almost went long today And this coming from a guy who can't even afford a stockcharts.com subscription LOL.