From Kimble Charting Solutions:
It's not the odds of something happening that is important, it's the impact if it does!
The odds were low that IYM was creating a bullish right shoulder in late November (see post here), yet the impact of this pattern has been big for non believers...either by missing out on the 60-day rally or being short while the S&P 500 index has moved 10% higher.
The odds might be low that the U.S. dollar could be making a bearish head & shoulders topping pattern, yet if this pattern is true, the...
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More on the dollar:
Two important charts to keep an eye on now
Shocking gold story suggests the "End of America" has begun
This is how Americans were duped into using worthless paper money