Anti-Harmonic Pattern: Reverse Bat-Pig
While I was only poking fun at the ridiculousness of the price movement of the S&P when I posted about "discovering" a new harmonic pattern called the Invisible Pig (see related). The invisible part referred to the FED's interference, but perhaps there might be something more to the new sort of price action that seemingly makes no sense.
Apparently, for every positive yin in the universe, there exists an opposing yang. Harmonic patterns work often, but they still get "busted" on occasion, especially in today's stock market. It seems strange and unnatural when this happens and if you look at the chart above, it has happened often enough that it's worth trying to make sense of.
Enter the first Anti-Harmonic Pattern, which pretty much goes against the norm in terms of logical price movement. In fact, why not just call it the irrational indicator because every time it has popped up, "irrational" price movements have left many shaking their heads in disbelief.
While this whole concept is a bit out there, it also is strangely consistent. Who really knows, ya know?
SPX
Apparently, for every positive yin in the universe, there exists an opposing yang. Harmonic patterns work often, but they still get "busted" on occasion, especially in today's stock market. It seems strange and unnatural when this happens and if you look at the chart above, it has happened often enough that it's worth trying to make sense of.
Enter the first Anti-Harmonic Pattern, which pretty much goes against the norm in terms of logical price movement. In fact, why not just call it the irrational indicator because every time it has popped up, "irrational" price movements have left many shaking their heads in disbelief.
While this whole concept is a bit out there, it also is strangely consistent. Who really knows, ya know?
SPX
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Bat today, pig tomorrow. Make sense?
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