Here is Realty Corp (symbol O) which I declared bearish due to its diamond pattern. And, so………

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Here is Realty Corp (symbol O) which I declared bearish due to its diamond pattern. And, so………

Until SMH shoved it aside, XLU (the Utilities) was my favorite trade. It’s still my second biggest position, and I’ve never fallen out of love with the beast. Here is the current state of this exceptionally well-formed diamond on the Dow 15 Index itself:

This is starting to feel tremendously fun, and that should probably scare the hell out of me. If you’re ever curious what kind of market I enjoy, it looks an awful lot like this:

OK, I didn’t get the exact top, but I was only two days off. My error as a chartist was not respecting the price gap. All the same, here was the idea from September 8th……….
