This blog has picked up over 15,000 new viewers in the past couple of weeks.  Welcome!!!  I am honored and humbled to share a few of my thoughts with EACH of you. 

For those that are not aware, I am a huge fan of patterns, believing that the “Power of the Pattern” can assist all of us towards “inflating our portfolios, regardless of market direction.”  Rising and Falling wedges are my favorite patterns.  (See Rising and Falling wedges)

On 9/20, I created the following post and shared that a “bearish rising wedge” was NOT IN PLACE!!!  (see post here)   The game plan at the time…”Don’t harvest, just protect!” 


Below is an update to the above chart, reflecting that NOW, a quality “bearish rising wedge” looks to have taken place, up against important Fibonacci resistance (see post here) and up against fairly long-term resistance (see post here) .


Game Plan…If you are long and your stops haven’t been hit yet, go ahead and  “HARVEST” right now.  This includes taking gains in  ALL the INTERNATIONAL positions.  Going to “Pocket Change” those positions.

If you are aggressive and so inclined to attempt to score on defense, BUY SH with as stop, 2% above line (2) in the above chart, which is the 1,185 level.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past