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He who has knowledge spares his words, and a man of understanding has a cool spirit. (Proverbs 17:27)
If we learn the discipline of keeping ourselves calm and quiet (which is a challenge during these times) we will hear what the “Power of the Pattern” is telling us. I remain of the belief that the patterns should do the talking and I should do the listening.
Often times during a period of Panic, investors flock to the Swiss Franc, as a safe haven. Buyers have pushed the Franc up against key resistance in the past few days, creating a very bearish wick at the same time. What is this pattern telling up? That Panic may be reaching extremes!