Chart Pattern Resource

In the post below (Becoming the Path), I mention (area) patterns but spend scant time dissecting them. (Although I have previously done so, here and elsewhere, and will continue to do so as the need arises.) Thomas Bulkowski, however, has approached this topic with a scientifically rigorous and inquiring mind. His many excellent and helpful books are the result. And on his website, Thom really examines patterns...

"Chart Patterns are the footprints of the smart money. Following those footprints can lead you to riches or disaster, depending on your experience tracking their signals. This page is the gateway to describing the shape of those footprints, what to look for, and how to trade their signals."

Continue reading here... This site is so helpful and Thom's analysis so excellent (as always), that this link will be a permanent feature in the sidebar, under "Investing." By the by, Thom and I used to present (albeit not together, unfortunately) at Tim Slater's TAG seminars, which is where we first met, and how I came to know and respect the quality of his insights.)

PS: Re JW Nordstrom/JWN -- There are other stocks whose current chart patterns are similar to that of JWN; however, the structures of the patterns for these other stocks appear more positive. Thus, I do not currently own JWN, and likely will not.