colin twiggs dow wrong break out

Dow Failed Breakout
The Dow reversed, penetrating the upper trend channel, after a failed break below primary support at 12800. One of the biggest mistakes analysts/traders can make is gathering evidence to support their existing position rather than opening their mind to new possibilities. Another common mistake, however, is to shift your position back and forth in response to each new piece of evidence — before their is clear proof that you are on the wrong track.

Shorter's got caught up ?