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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

Support this site! Clicking on his books (below) takes you to Amazon.com. If you buy ANYTHING, they pay for the referral.

Bulkowski's Chart Pattern Indicator Update

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Busted
Patterns
Candles Chart
Patterns
Event
Patterns
Small Patterns
Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 11/27/2014
17,828 12.81 0.1%
9,196 -7.13 -0.1%
594 3.17 0.5%
4,787 29.07 0.6%
2,073 5.80 0.3%
YTD
7.5%
24.3%
21.0%
14.6%
12.1%
Tom's Targets    Overview: 11/14/2014
18,100 or 17,200 by 12/01/2014
9,300 or 8,700 by 12/01/2014
610 or 570 by 12/01/2014
5,000 or 4,500 by 12/01/2014
2,100 or 1,975 by 12/01/2014

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

My book, Swing and Day Trading, pictured on the left, discusses the chart pattern indicator starting on page 133. It discusses the Nr7 pattern and the CPI equation, too.

If you click on this link and then buy the book (or anything) at Amazon.com, the referral will help support this site. Thanks. -- Tom Bulkowski

$ $ $

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, current as of that 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 10/16/2014.

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.

Look for lower/higher peaks in the indicator while the index is making flat or higher/lower peaks. The index will often follow the indicator.

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!