No idea how I missed this. Just havent had the time to look at graphs as of the last month.
In a typical RHS pattern like this we see:
1. 98 of these in bear market formations, 268 in bull markets
2. Average rise is 30-39%
3. Average decline after trend stops is -33%
4. Days to ultimate high in bull market is 257, 107 in bear market
I took this rally from September 2010. Looks like we are at the days till ultimate high coming due soon.
To QE3 or not to QE3, that is the question....b/c if Benny boy doesnt print, its over.
Comments welcomes, thank me lots.