Thing is though, and ill see if i can find you a nice example. I looked at the chart on a big time frame and simply noted hey, this is just one big "breakout". Wow took 16 years to make it but its still one big range bound market them Bam!!! a breakout. Now, some folkes, maybe even you do it, some folks buy the breakout. Not me. I buy only the pullback to the breakout.
I need the market to come back to its mean like a junkie needs crack. LOL Thats a fact. Why or how it gets there don't matter to me really. If it shoots past my mark, still no biggy really. If you think about it and im on the train heading south its actually better for me if i miss my stop. If however i get off at the station i mentioned to begin with and the market continues south without me that ok too.
If you have a few minutes go search this on YouTube https://www.youtube.com/watch?v=JGuNpqYBkZk
Im go ahead and send this reply. Then see if i can find you a nice breakout chart.