bernanke gives market a head job ..., page-35

According to my trading patterns bible, the H&S has a 78% chance of reaching 10% of target goal of 7200 (or 6480), 26% chance of reaching 50% (6800) goal and a 40% chance of testing the neckline (regardless of what it does). Also ideally we needed declining volume during the pattern (check) and increasing volume on the breakout. Go long for the ride indeed. Odds are it's gonna be a bumpy one. Also you are more likely to make money from a failed H&S than a successful one. So if it is a false break and it ventures below the neckline again, go short as it is a better bet than above the neckline and up.