As of 07/26/2024
Indus: 40,589 +654.27 +1.6%
Trans: 15,920 +260.00 +1.7%
Utils: 971 +10.05 +1.0%
Nasdaq: 17,358 +176.16 +1.0%
S&P 500: 5,459 +59.88 +1.1%
|
YTD
+7.7%
+0.1%
+10.2%
+15.6%
+14.5%
|
41,500 or 40,000 by 08/01/2024
16,500 or 15,600 by 08/01/2024
1,000 or 910 by 08/01/2024
19,200 or 17,800 by 08/01/2024
5,750 or 5,500 by 08/01/2024
|
As of 07/26/2024
Indus: 40,589 +654.27 +1.6%
Trans: 15,920 +260.00 +1.7%
Utils: 971 +10.05 +1.0%
Nasdaq: 17,358 +176.16 +1.0%
S&P 500: 5,459 +59.88 +1.1%
|
YTD
+7.7%
+0.1%
+10.2%
+15.6%
+14.5%
| |
41,500 or 40,000 by 08/01/2024
16,500 or 15,600 by 08/01/2024
1,000 or 910 by 08/01/2024
19,200 or 17,800 by 08/01/2024
5,750 or 5,500 by 08/01/2024
| ||
Initial release 3/11/2021.
A price mountain is just like it sounds. Price makes a substantial rise and then reverses, leaving a peak on the price chart.
Shown on the right is an example of a price mountain. The chart is on the monthly, linear/arithmetic (not semi-log) scale. Price forms a tall peak that the stock hasn't surpassed yet (as of March 2021).
The trap for investors is to look at a chart like this and believe price will rise back to the old high. It's been two decades since the stock's high 97.50 in July 2000 and the stock hasn't exceeded it yet. If you bought near the peak, more than two decades is a long time to wait to get your money back.
An updated study (March 2021) of price mountains says that it takes a median of 5.4 years to exceed the peak of a price mountain. In 23% of the cases, price has not exceeded the peak yet, so the results understate the time.
Let's look at some examples.
-- Thomas Bulkowski
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Endless Loop: n., see Loop, Endless. Loop, Endless: n, see Endless Loop.