As of 03/21/2025
Indus: 41,985 +32.03 +0.1%
Trans: 14,609 -29.26 -0.2%
Utils: 1,009 -9.02 -0.9%
Nasdaq: 17,784 +92.42 +0.5%
S&P 500: 5,668 +4.67 +0.1%
|
YTD
-1.3%
-8.1%
+2.7%
-7.9%
-3.6%
|
 40,000 or 43,500 by 04/01/202514,400 or 16,400 by 04/01/2025 1,050 or 970 by 04/01/202516,200 or 19,000 by 04/01/20255,300 or 5,900 by 04/01/2025 |
As of 03/21/2025
Indus: 41,985 +32.03 +0.1%
Trans: 14,609 -29.26 -0.2%
Utils: 1,009 -9.02 -0.9%
Nasdaq: 17,784 +92.42 +0.5%
S&P 500: 5,668 +4.67 +0.1%
|
YTD
-1.3%
-8.1%
+2.7%
-7.9%
-3.6%
| |
|
40,000 or 43,500 by 04/01/202514,400 or 16,400 by 04/01/20251,050 or 970 by 04/01/202516,200 or 19,000 by 04/01/20255,300 or 5,900 by 04/01/2025 | ||
Released 8/3/2021.
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.
What chart patterns can you find? Look for the following (if you find others, great!): Rising wedge, falling wedge, descending broadening wedge, descending triangle, broadening bottom, right-angled and ascending broadening formation.
Imagine that you own this stock. How do you decide when to sell? That's a tough call when there's no chart patterns to call the top. That may mean the top has not been reached yet, but more likely it means that price has reversed without creating a pattern you recognize
Victor Sperandeo in his book, Trader Vic - Methods of a Wall Street Master describes his trend change method which I call the 1-2-3 trend change. My books
Trading Classic Chart Patterns
Draw a trendline from the lowest low to the highest high on the chart such that the line doesn't pass through prices until AFTER it reaches the high. I show this line in red in the above chart.
After all three steps occur, price has changed trend and it's time to sell a long position or consider going short.
Price completed the 1-2-3 trend change and formed a rounding turn. After that, price moved up in a straight-line run and formed higher highs. Price at A reached a high of 26.85 and the low at B was 21.19, a decline of 21%, which qualifies as a trend change (20% is the minimum).
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.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
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My Stock Market Books
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My Novels
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