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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 Blog Archive: EWH 2

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Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 03/24/2017
20,597 -59.86 -0.3%
8,929 -7.37 -0.1%
706 3.20 0.5%
5,829 11.05 0.2%
2,344 -1.98 -0.1%
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4.2%
-1.3%
7.0%
8.3%
4.7%
Tom's Targets    Overview: 03/14/2017
21,250 or 20,600 by 04/15/2017
9,500 or 8,700 by 04/15/2017
675 or 715 by 04/01/2017
5,950 or 5,650 by 04/15/2017
2,425 or 2,325 by 04/15/2017
Mutt Losers: None YTD
Mutt Winners: None YTD

Written by and copyright © 2005-2017 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.

 

Blog Posting: February 13, 2008, Hong Kong ETF (EWH)

Potential double bottom in the Hong Kong ETF

The figure shows an interesting development in the MSCI Hong Kong ETF (EWH). Price formed a double top at peaks D and E, confirmed when price closed below the valley between the two peaks, at F. Following that, a symmetrical triangle appeared (highlighted by the blue trendlines).

What is interesting about this symmetrical triangle is that the apex at A often marks a turning point. As you can see, point A is above C, so I expect the market to rebound here. That's a guess, of course but if it's correct, then look for a double bottom at B and C to form and confirm as valid when the ETF rises above the peak between lows B and C.

At a minimum, this should be good for a 5% move up.

 

EWH Aftermath

The Hong Kong ETF (EWH) on the daily scale

Price did move up during the next few days, but that was as far as it got. After I posted my blog entry, I decided to take my own advice and trade this stock. I bought long and lost money when price tumbled instead of rising. Fortunately, a well placed stop minimized my loss.

-- Thomas Bulkowski

 

 

 

 

 

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Written by and copyright © 2005-2017 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Welcome to Psychiatric voice mail. If you have multiple personalities, please press 3, 4, 5, and 6.