Sir John Templeton used to share that the four most dangerous words in investing are…”it’s different this time.” Is it different this time??? From a pattern perspective, some things are different looking this time, at the top of the trading range.
Posted to go long the first of this month at the bottom of the trading range. I have NOT SAID TO HARVEST at the top of the range, just suggested to keep stops tight! The highly bearish rising wedge pattern that took place twice at the top of the trading range, so far is absent!!!
Stay tuned…. I will keep informing on this important pattern situation.