ChartsEdge Pattern Recognition map for Feb. 8

Here is today's Pattern Recognition map for equities from Mike Korell of ChartsEdge. (Thanks again, Tony!) Notice that once again, its confidence value is over 100 (actually almost 200), as it's been for the past few days. And check his "Comment" at his site (link below, and always in the list at right), which I also included with the "ChartsEdge weekly" post here on Saturday, which gives his thoughts about where equities are heading over the longer term incorporating his longter-term BP as well as TCI index. How you play it depends on your trading time frame and style. Thanks to Mike Korell, from his ChartsEdge Daily Maps webpage at http://www.chartsedge.com/wp/

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ChartsEdge Pattern Recognition Map for Feb08