Monday, March 15, 2010

A Random Observation

I was just looking at the longer term view and just so happened to notice a possible pattern with the 1576 top and the current price action. Both look like double tops but what I also find to be interesting is the similarity in the candlestick patterns themselves.

The first 3 candles for each period are nearly identical and for some reason it just stands out as though something is about to repeat. Who knows for sure. Again, this is just a random observation.

1 comment:

  1. That's downright eery! Hum! Looks like a repeat setting up for sure. Looks like the Market formed a "hanging man" candle today. If selling will pick up this could prove to be a good pullback. Then we will have to see what else develops.