Patterns that detect stock market reversals by Bill Ohama and Melanie Bowman
ARTICLE SYNOPSIS ...Patterns that detect stock market reversals
by Bill Ohama and Melanie Bowman
Full-speed ahead on its maiden voyage and presumably protected against disaster, the Titanic sank in
the chilly North Atlantic Ocean, shattered by an undetected iceberg. In the stock market, another kind of
iceberg awaits at every major market top and has carried unsuspecting traders to similar ruin at least a
half dozen times in the past 22 years.
When I noticed this phenomenon in the fall of 1965, after studying the records of the Dow Jones
Industrial Average (DJIA) May 1965 major top and June 1965 low, I coined i...