Quote from fseitun:
This last post tells me you clearly don't have a clue with respect to the reversal pattern I was talking about.
When you made your "call" about the correction looking more like a retracement - and you did nail the target area, so credit goes out to you for that - the reversal pattern was only half way thru its completion. Another leg up or LH was needed to complete the bearish pattern. Now that we're having this upleg, it's our job to analyze it and determine whether we can fade it or ride it or wait it out.
Trend is still UP and the Dow just made a new HH following a HL. Denying this would be utterly stupid.
However, I am starting to see big clues about possible bearishness around the corner. One of them is the increase in volatility over the last 2 weeks.