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Thomas Bulkowski’s successful investment activities allowed him to retire at age 36. He is an internationally known author and trader with 30+ years of stock market experience and widely regarded as a leading expert on chart patterns. He may be reached at

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Bulkowski's Chart Pattern Indicator Update

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Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 08/28/2014
17,080 -42.44 -0.2%
8,405 -22.68 -0.3%
560 2.98 0.5%
4,558 -11.93 -0.3%
1,997 -3.38 -0.2%
YTD
3.0%
13.6%
14.2%
9.1%
8.0%
Tom's Targets    Overview: 08/14/2014
17,300 or 16,700 by 09/15/2014
8,700 or 8,000 by 09/01/2014
575 or 540 by 09/15/2014
4,600 or 4,300 by 09/01/2014
2,050 or 1,950 by 09/15/2014

Written by and copyright © 2007-2014 by Thomas N. Bulkowski. All rights reserved.

This page shows two views of the chart pattern indicator.

 
From the FAQ...
Why do daily CPI readings not match those from the spreadsheet?

Chart Pattern Indicator Analysis

For daily signal updates, see CPI.html which shows the locations of where the signal is announced.

The following are DAILY price charts, updated once a week (after Friday's close). The scaling is approximate for the indicator (meaning it might look like it's at 36, but the actual value is really 34...it's a drawing issue with the charts I'm using).

Chart pattern indicator chart with buy and sell signals highlighted

The above chart shows all of the signals as of Friday's close (and not updated until after next Friday's close), hiding the indicator line beneath the vertical bars. Vertical green bars are bullish, red ones are bearish, and white areas are neutral. The following charts clarify the signals.

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Chart pattern indicator chart with buy and sell signals highlighted

The most recent signal was bullish on 08/08/2014.

This chart shows the bullish and bearish signal CHANGES. As with the other charts on this page, it is updated only ONCE each week, after Friday's close.

The S&P 500 Index appears as price bars on the top, and the indicator is the blue line (which looks black) between the red and green bars near the bottom of the chart.

The last chart, below, shows the indicator by itself.

Signals can change for up to a week. If you do not understand why this happens, then read about the indicator construction, especially the warnings section.

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Raw chart pattern indicator chart

The chart pattern indicator line is not as important as the signals which it generates, but I have included a third chart of the indicator itself so you can check for divergence. Divergence often gives hints as to which way the index moves in the future.

Patternz Configuration

I moved the program setup to the CPI.html page. Click the link to be taken there.

-- Thomas Bulkowski

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See Also

Copyright © 2007-2014 by Thomas N. Bulkowski. All rights reserved. Warning: Dates on calendars are closer than they appear!