Ongoing Correction Offers Up Heap Of Base-On-Base Patterns

One type of pattern is pretty common in this week's IBD 50 -- the base-on-base structure. It makes sense that this pattern is popping up, given that it often forms when the general market is in a correction. Keep in mind how the base-on-base structure is described in "How to Make Money in Stocks," the book by IBD founder and Chairman William J. O'Neil. "What happens is that a powerful stock breaks out of its base and advances, but is unable to