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Respect the Pattern

Our view is that we need to respect the spirit of any pattern and not worry too much about the letter of the law, so to speak. Opens and closes on doji candles need not be exactly the same. Island gaps reversals (abandoned babies) need not have actual gaps. Why? Because 24-hour trading, decimalization, derivatives, etc… have changed the landscape and what constitutes an open and a close is now a very fuzzy proposition.

The financial markets are radically different than they were last century, last decade and even last year. The spirit of the tools still works because humans do the same old dumb (and occasionally) smart things over and over. It is the actual rules of the analysis that are questionable so keep it simple and you should be fine.

Why Your Babies May Live to 120 Years Old

Our genes harbor many secrets to a long and healthy life. And now scientists are beginning to uncover them.

The cover story in National Geographic this month is off the hook – if you’re a believer in the big healthcare secular bull market and fascinated by demography’s effects on economics (as we are), you’re going to want to check this out. They did four different covers, pretty cool:
nat geo
Longevity (National Geographic)

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