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Watching a Much-Played Pattern

By Rev Shark

 About this article:
 Constant repetition carries conviction. -- Robert Collier After a big gain in the indices on Monday, the market is set up to repeat the exact same pattern we saw in July, August, September and October. For the fifth month in a row now we have had a pullback that threatened to end the uptrend, but the market then bounced back in a straight line and made a new high. We haven't yet made a seen a new high in the S&P 500 or the Nasdaq but the DJIA is outperforming and is already well above its prior highs. What has been most surprising about this pattern of behavior is how we quickly we shift from a near breakdown to a euphoric recovery. Once we begin to bounce, we don't hesitate at all. We forget any negatives that were out there and just move back up in a straight...

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