On March 24, 2000, the financial world changed. No, that was not the date this book first hit the store shelves, but the beginning of a bear market that lasted 21?2 years. Finally, I had bear market data to use for finding chart patterns! After spending nearly 5 years recovering from the work needed to complete the first edition, I decided to undertake an update. I changed the editorial content of the book in small ways, but made substantial improvements in others. Here is the list of the important changes: ? Bull and bear market statistics for complete coverage. ? Expanded statistics, all in a similar format: – Results Snapshot, at the start of each chapter shows the most important numbers and surprises. – General statistics, including the average rise or decline, busted pattern performance, and benchmark performance. – Failure rates, a list of ten breakpoints to show how often a pattern fails. – Breakout and postbreakout statistics, showing performance over the yearly price range, pullback rates, and performance after a gap. – Frequency distribution of days to the ultimate high or low, showing when the trend is likely to end. – Size statistics, describing how performance varies for pattern height, width, and combinations of both. – Volume statistics, including volume trend, a new concept I call volume shapes, and breakout day volume. – For best performance, a list of trading tips and where to find them in each chapter. ? More chart patterns. I added 14 new chart patterns. ? Event patterns. I added 9 new types of patterns, which I call event patterns. These include earnings surprises, drug approvals, store sales, and stock upgrades and downgrades. ? More samples. I found over 38,500 chart pattern samples, more than double the 15,000 used in the first edition, making many of the statistics rock solid. ? Keyed table entries. Each table entry appears in bold at the start of its corresponding text discussion for easy locating. ? Glossary and methodology. Instead of peppering the text with repeated explanations, a new chapter explains how I arrived at each table entry. Thanks to the thousands who purchased the first edition. I am confident that this second edition will help you become a more knowledgeable and successful trader.