I messed around with this for a while , it finally formed a diamond top, (not complete yet), Thomas Bukowski is the premier chartist in the world today. This seems to be a great short and a lousy bet long.
Bulkowski's Diamond Tops
Important Bull Market Results for Diamond Tops
Overall performance rank for up/down breakouts (1 is best): 21 out of 23; 7 out of 21
Break even failure rate for up/down breakouts: 10%; 6%
Average rise/decline: 27%; 21%
Throwback/pullback rate: 59%; 57%
Percentage meeting price target for up/down breakouts: 69%; 76%
Bulkowski's Diamond Tops
Important Bull Market Results for Diamond Tops
Overall performance rank for up/down breakouts (1 is best): 21 out of 23; 7 out of 21
Break even failure rate for up/down breakouts: 10%; 6%
Average rise/decline: 27%; 21%
Throwback/pullback rate: 59%; 57%
Percentage meeting price target for up/down breakouts: 69%; 76%
