A 1987 Repeat?

At least the market is being consistent - up one day, down the next, fade the morning gap, and ring the cash register at the close.

Meanwhile, everyone remains paralyzed by the ominous pennant formation underway in the major indexes.

No doubt, everyone has an opinion on what the means for the market, but keep in mind two things: 1) patterns that everyone looks at have a high rate of failure, and 2) the challenge isn't to trade the break, but what to do AFTER it breaks.

To wit, the best commentary I found on the formation was by.....[READ]