Recent content by patternforecast

IMHO- 1) I was looking for a NEW LOW at the 11:35 am pacific bar. Instead, the market made a NEW HIGH. 2) the breakout above the 962.00 high that was registered at the 10:55 am Pacific bar. 3) when the mkt broke out again above the 882.00 high of the 12:30 pm Pacific bar. There you have it: 3...

This "government intervention" is just the administration's final emptying of the US Treasury.(in case they lose power- not likely) Besides the Military Industrial Complex getting a lionshare with the IRAQ/Afghanistan situation, the Haliburton NO-BID contracts, hiring "Private Contractors", etc...

Sure, it still works, Just from now on you can only take the buysignals, and you must ignore the sellsignals - ha!