Odds Favor The Sideways Pattern For Weeks Now Will Give Way To The Downside

I know it seems like we haven't gone anywhere because we're still in the slow-moving expanding triangle pattern, which can be almost as frustrating as whip-saws. When we get into topping patterns like this, the movement is slower because they're the opposite of bottoming patterns, which are "V" shaped. As I tell you in today's video update, which should begin playing automatically at the bottom of the page, they take time and move in a "rounded" way -- it's not about instant gratification. continued

by John Lansing |  04/30/09  |  Stocks: SPY,