The Waiting
July 9th, 2009
| Categories: Market Minds, Slope of Hope
Last year, I remember so well eagerly watching the Rusell 2000. It had formed a huge head and shoulders pattern. It seemed ready to plunge. The problem was that it didnt plunge. It held on to that line at 660 forever. Those who piled into shorting the market got hurt, because it pushed right on back up to 750, forming a second shoulder - - truly a deformed creature. Of course, we all know what happened after that. This plunge was fantastic for me, although I kicked myself for not being more aggressive about such an obvious pattern.
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The Waiting
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