A reader pointed out a pattern that is not readily visible on the normal bar charts most of us use. Using a close-only chart, a megaphone or expanding triangle pattern appears and it has one interesting implication. Check this:br /br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://3.bp.blogspot.com/_0kPlZMvFr70/STbclsGMNdI/AAAAAAAAAHI/sHn_t6-Icdc/s1600-h/chart1dec3.png”img style=”margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 206px;” src=”http://3.bp.blogspot.com/_0kPlZMvFr70/STbclsGMNdI/AAAAAAAAAHI/sHn_t6-Icdc/s320/chart1dec3.png” alt=”” id=”BLOGGER_PHOTO_ID_5275646553561511378″ border=”0″ //aIs it possible to see Dow 10K in the next few weeks to months? It sure looks that way.br /br /This pattern is usually analyzed as a topping pattern so I am not so sure that the reverse is true as a bottoming pattern. But it does give us some sort of structure to follow.br /br /How about this? After reaching 10K it forms a regular triangle on the back side – creating a diamond pattern. Again, diamonds are thought to be tops so who knows what it might really mean? But then again, who ever expected the VIX to hit 89! br /br /The old rules are up for rewriting.