ARTICLE SYNOPSIS...How markets interpret news tells much about underlying investor sentiment. Bull markets ignore bad news. Bear markets ignore good news. It appears that of late, we may have fallen back into the latter category once again. For those in the bull camp, this
ARTICLE SYNOPSIS...The pattern that's shaping up on the 60-minute QQQ chart looks just like the one in late September. The September breakout led to a new reaction high, but the current breakout is already encountering selling pressure.
ARTICLE SYNOPSIS...The current setup in the All Ords looks similar to the June-July flag and breakout that preceded an 8% surge.
ARTICLE SYNOPSIS...Since the big uptrend began in March 2003, OEX has formed its second consolidation and this one looks a lot like the first.
ARTICLE SYNOPSIS...Dow Chemical (DOW) recently formed two virtually identical patterns over the last four months and looks headed lower.
ARTICLE SYNOPSIS...One confirmed and one potential head & shoulders top pattern provide some guidance as to where markets may be headed in January-February.
ARTICLE SYNOPSIS...It's not always a good thing when your predictions come true.