There are busloads of chartists and technicians being dropped off daily at the exchanges and they all have their favorite setups they trade. What’s interesting is how two people can look at the same chart, two people with the same background in technicals, and see a different setup emerge.
It is a constructive exercise to consider what your opposition is thinking, and that is what I’m highlighting in this post about one of my current longs, KORS. Where I see a buyable dip, another could certainly see this bear flag forming and could be either stalking a short on the break or positioning for such an event. This is what makes a market, place your bets:
