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Last May the chart above reflected that the Shanghai index was breaking below a multi-year flag pattern and the Power of the Patterns suggestion was to protect assets (see May 2011 post here)
Since the flag breakdown, Commodities and global stock markets have been very weak. Harvesting or protection of assets has paid off handsomely in the past year!
Below is an update to the above chart…
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The whole world was impacted by the breakdown of the Shanghai index a year ago and what the Shanghai index does at (2) in the above chart is just as important as it was a year ago!
CLICK HERE TO SEE POWER OF THE PATTERN’S WORKSHOP DETAILS