Which to the amateur eye may bear a superficial resemblance to the 28 step Three Peaks and a Domed House pattern:
And don't even get me started on a ridiculously complicated les toits du château de Chambord pattern.
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On a more serious note, the last time we saw the slightly-head-and-shoulders Vive Le Résistance! set-up was December 7, 2018, after the long decline from October 3 that year but still 2 1/2 weeks from the Christmas Eve bottom:
Past performance is no guarantee of future results and all but for some reason I'm getting a little nervous.On a more serious note, the last time we saw the slightly-head-and-shoulders Vive Le Résistance! set-up was December 7, 2018, after the long decline from October 3 that year but still 2 1/2 weeks from the Christmas Eve bottom:
On the other hand, using a more fundamental approach:
Also, watch the commercial hedgers positioning (lower panel in DJIA chart) in the COT reports."if you compare the current environment to the South Sea Bubble of 1720, stocks still look attractive from a valuation standpoint"
— StockCats (@StockCats) August 9, 2016
Over time they have to win or the game ends.
One of the few lessons of the COT that you can take to the bank.