Through the years I’ve had none to not much luck with this chart pattern. I keep looking at it however as it is so damn popular. However the market currently has a nasty feel to it. Earnings are being ignored, no big surprise there, as I have previously discussed it was all about forecasts going forward, or guidance.

Europe is a mess. The new politicians are as stupid as the outgoing, and quite honestly this crowd of fuckwits make the US government look like a pack of high IQ overachievers. So I’m watching the H&S. A collapse would make me significant profits, so go for it chap’s.