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 | ||
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Trading Basics
If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.
$ $ $
Failure swings are chart patterns that appear on indicator lines. They are small M or W shaped patterns that reliably signal short-term price turning points.
Look for M-shaped failure swings that span the trigger line in the indicator. The chart to the right shows the Wilder relative strength index (RSI) with the failure swing spanning the 70 overbought signal line (the horizontal line at 70).
The stock begins its turn as the failure swing forms. Notice that the second peak of the failure swing doesn't rise above the first peak. It fails to swing higher, indicating a weakening technical picture and a potential trend change.
The example pictured is taken from an actual stock/indicator pair. Various shapes for the failure swing appear to the left in the chart. Some analysts argue that the failure swing must span the trigger line (70), but you can find numerous examples where that is not the case and yet price changes trend. Failure swings occur in indicators other than the RSI, too.
Look for W-shaped failure swings that span the trigger line in the indicator. The picture to the right shows the Wilder relative strength index ( RSI) with the failure swing spanning the oversold signal line (the horizontal line at 30).
The stock begins its turn as the failure swing forms. The example shown in the chart is taken from an actual stock/indicator pair. Various shapes for the failure swing appear to the left.
Some analysts argue that the failure swing must span the trigger line (30), but you can find numerous examples where that is not the case and yet price changes trend. Failure swings also occur in indicators other than the RSI.
-- Thomas Bulkowski
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Cole's Law: Thinly sliced cabbage.
on 