There are the old technical analysis chestnuts . . . head and shoulders and double bottoms and cup and handles . . . but what formations actually work today? The most profitable formation in my opinion is the bull flag. Remember that you don't have to trade every stock.
I agree. When I hear technical analysts talking about head and shoulders, I think to myself, how do you trade a head and shoulders? The neck line is right in the middle of huge traffic . . . why bother?
Yer sir. You`re better off A - waiting for the new trend to present itself. Or B - moving on. We are traders. Catch a piece of the middle and find the next victim.