THE HOLY GRAIL OF THE TECHNICAL PATTERNS PAID OFF $SPY
Financial media pages are full of hindsight. The problem with hindsight is that it does not make any money for investors. Investors need foresight. Unfortunately, foresight is hard to come by. Further, investors face the difficult task of figuring out what works and what does not.
Based on my 30 years of experience in trading and investing as well as after extensive backtesting, I feel comfortable saying that a judicious combination of traditional technical patterns still works to help investors with get an idea of future market direction.
Let us start out with a very recent example of how these patterns called Thursday’s market swoon.… Please click here or the title below to read more.