Technical Analysis is About Going with the High Percentages

As I said, 85% of these patterns are recognized by black box trading systems and broken up. A bear flag should break down, end of story, this one did and then re-entered the bear flag. This is not commentary on the direction of the market, but how pervasive this event is in the market now. The popularity of technical analysis has made it easy for Wall Street to take advantage of "What traders THINK will happen". So traders see the bear flag, it breaks, they enter a short and put a stop in the bear flag, so they are taken out in a matter of minutes. Do not fall for this trap-it happens every time there's a common technical pattern. So a tool (technical analysis) is now a weapon, just used against you.