As of 12/20/2024
Indus: 42,840 +498.02 +1.2%
Trans: 15,892 +32.54 +0.2%
Utils: 986 +14.76 +1.5%
Nasdaq: 19,573 +199.83 +1.0%
S&P 500: 5,931 +63.77 +1.1%
|
YTD
+13.7%
0.0%
+11.9%
+30.4%
+24.3%
|
 44,200 or 41,750 by 01/01/2025 16,100 or 17,700 by 01/01/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 |
As of 12/20/2024
Indus: 42,840 +498.02 +1.2%
Trans: 15,892 +32.54 +0.2%
Utils: 986 +14.76 +1.5%
Nasdaq: 19,573 +199.83 +1.0%
S&P 500: 5,931 +63.77 +1.1%
|
YTD
+13.7%
0.0%
+11.9%
+30.4%
+24.3%
| |
|
44,200 or 41,750 by 01/01/202516,100 or 17,700 by 01/01/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 | ||
Released 8/9/2021.
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!): symmetrical triangle, falling wedge, broadening formation right-angled and descending, Eve & Adam double bottom, Eve & Adam double top, ascending scallop, inverted and ascending scallop.
Please forgive how my computer drew the blue lines, but you get the picture. Price has broken out downward from the broadening formation in March 2005. It has also confirmed the Eve & Adam double top, suggesting a downward price trend.
Answer 1 (buy?): Since the breakout is downward, short the stock but recognize that when price reaches the blue line, it could reverse there. That doesn't leave much of a profit opportunity.
Answer 2 (target?): I'd use underlying support as the target -- the blue line.
Answer 3 (stop?): The top of the broadening pattern is 9.8% away. That's just inside the 10% or less that I like to see for a stop, so that's where I'd place it. It still seems unusually far away, though.
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."
|
My Stock Market Books
|
My Novels
|
on