This bearish pattern is used by traders to suggestthat the bulls are losing their conviction and that the uptrend is becomingexhausted.The chart below is a textbook example of how various chart patterns canform within the period of several months and it also illustrates theopportunities that are available when they are identified. The markets move in cycles of usually around 8 years. This means at the start of every global bear market cycle most of the fund managers have no idea what to expect, quantuum to react and how to protect your money.
They fall for the same tricks as the rest of the dumb money, no matter how many screens they are juggling. Just look at the value of your portfolio.