Just a quick comment cleaner here. There is much talk around these parts about broken bearish technical patterns, with last summer's failed head and shoulders top being a prime example. At a minimum, many discount the bearish signals they receive after a protracted bull run (who can blame them?). Take a look at this chart and guess what happens next. A long-term trendline was broken to the downside, and the hot price action subsequently kissed the underside gingerly… Too textbook? Too good to be true?
Once you've guessed, click here to see what happened next.