I offer the below chart on DBA as an object lesson in the dangers of anticipating pattern completion. A person observing this chart on, say, February 6th, might have gone long DBA in a big way in anticipation of a completed inverted H&S pattern. But what happened? The shares just kept drifting lower, and yesterday they violated the low of the left shoulder, thus making a true inverted H&S impossible.
I have been short DBA for about a week and covered at a decent profit this morning. I say "decent" because this isn't exactly a volatile instrument. All the same, patterns don't count until they're complete. Just sayin'.
