As of 04/21/2021
  Indus: 34,137 +316.01 +0.9%  
  Trans: 15,040 +145.39 +1.0%  
  Utils: 927 -6.07 -0.7%  
  Nasdaq: 13,950 +163.95 +1.2%  
  S&P 500: 4,173 +38.48 +0.9%  
YTD
 +11.5%  
 +20.3%  
 +7.2%  
 +8.2%  
 +11.1%  
  Targets    Overview: 04/15/2021  
  Up arrow34,800 or 32,900 by 05/01/2021
  Up arrow15,200 or 14,000 by 05/01/2021
  Up arrow950 or 885 by 05/01/2021
  Up arrow15,000 or 12,900 by 05/01/2021
  Up arrow4,400 or 3,900 by 05/01/2021
CPI (updated daily): Arrows on 3/25/21
As of 04/21/2021
  Indus: 34,137 +316.01 +0.9%  
  Trans: 15,040 +145.39 +1.0%  
  Utils: 927 -6.07 -0.7%  
  Nasdaq: 13,950 +163.95 +1.2%  
  S&P 500: 4,173 +38.48 +0.9%  
YTD
 +11.5%  
 +20.3%  
 +7.2%  
 +8.2%  
 +11.1%  
  Targets    Overview: 04/15/2021  
  Up arrow34,800 or 32,900 by 05/01/2021
  Up arrow15,200 or 14,000 by 05/01/2021
  Up arrow950 or 885 by 05/01/2021
  Up arrow15,000 or 12,900 by 05/01/2021
  Up arrow4,400 or 3,900 by 05/01/2021
CPI (updated daily): Arrows on 3/25/21

Bulkowski's Yahoo Trading Quiz

 

Released 12/17/2020.

YHOO: Quiz

Below is a slider quiz to test your trading ability. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.

 

1 / 3
chart pattern
What chart patterns can you find? Look for the following: rectangle top, descending broadening wedge, falling wedge, triple bottom if you combine the first two bottoms - it's also a Big W, ascending scallop, and simple ABC correction.
Answers are on the next slide.
2 / 3
chart pattern

The simple ABC correction is the mystery pattern. Think of it as a measured move down nested inside a measured move up. If you're not sure what all of that means then check my website. You won't find the ABC pattern in my Encyclopedia...

Question 1: Do you buy, short, or avoid trading this stock?
Question 2: If trading this one, what is the target price?
Question 3: If trading this one, what is the stop price?
My answers appear on the next slide.
3 / 3
chart pattern

Answer 1 (buy?): Buy when price closes above the trendline drawn from 4 to 5.

Answer 2 (target?): Let's assume price breaks out upward. Many will reverse at 4 and form a double top, so keep that in mind. You can use the move from 3 (third bottom of the triple bottom, in October 2002, not shown) to 4, projected upward from the low at 6, in a measured move up chart pattern. That gives a target of 28.17, which is huge. I would be more conservative. The average rise of the 2nd leg is 31%. That would place a target of 14.75 (the low at 6) x 32% = 19.50. That's still a lot but it's better than 28.

Answer 3 (stop?): If I bought now, the day after point 6's low, I'd use a volatility stop (2x volatility is $1.11): $13.33 for a potential loss of 10.7%.

The end.

See Also

 
Top
 

 

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

My novels:  Bumper's Story Head's Law

Chart Patterns: After the Buy Getting Started in Chart Patterns, Second Edition Trading Basics Fundamental Analysis and Position Trading Swing and Day Trading Visual Guide to Chart Patterns Encyclopedia of Candlestick Charts Trading Classic Chart Patterns

Copyright © 2005-2021 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.

Home Advertise Contact Donate Links Privacy/Disclaimer