Hey Gang, There is a great chart pattern out there called a falling wedge.  You can get a fantastic explanation at the following link.                Falling Wedge reversal The Falling Wedge pattern has some very specific criteria and is used to find intermediate term reversals.  Below is the criteria followed by some stocks that are setting up in this pattern.  There are many more getting close, just be careful to pay attention to volume! It is the key in any chart pattern. Criteria:  Prior Trend: To qualify as a reversal pattern, […]

Hey Gang, I am writing this afternoon in a different fashion than normal. I am not going to back this post up with charts or stats but rather communicate some of my opinions and observations of the current market environment. I received several emails today asking me what I was looking at or thought about the current market as is. I hadn’t made many changes to my trades today except for taking some partial profit on DE calls and selling some of my UYG stock at open. I entered a […]