Here is a link to a March 20, 2008 post in this blog:
http://quicktakespro.blogspot.com/2009/03/bottoms-up.html
Essentially, I laid out a framework for the next year or two and how I saw two cycles of rally and decline before the major basing process completed. As we all know, the first rally was hot and if I am right it ended this month.
In today’s column, you will see that the upper border for the pattern has been flattened out but the cycles remain. I am not after short-term trading turns but rather a framework on which to hang your strategy.
More after the column is published. I don’t want to step on it.
