Hello to all members,
I have been reading Encyclopedia of Chart Patterns by Thomas N Bulkowski. There I came across "Bump and Run Reversal Patterns". This includes top reversal and bottom reversal. I hope many members have already read it and learned this pattern. [I think, I am the "Late Latheef"].
Out of curiosity, I just checked a few charts to see whether I can spot this pattern. I am not naming any particular stock here. I am leaving such stocks to be discovered by the members. I request members to do this exercise.
1. First of all acquaint with the above referred chart pattern. Sorry that I am not explaining it here. It is quite lengthy.
2. Thereafter pick up your favourite stocks and check their charts from 2003 onwards. A daily chart of the stock for the period from 2003 onwards up to today is sufficient.
3. What do you feel?
4. Do you feel that this market has got strength to travel northwards?
Post your comments here.
I have been reading Encyclopedia of Chart Patterns by Thomas N Bulkowski. There I came across "Bump and Run Reversal Patterns". This includes top reversal and bottom reversal. I hope many members have already read it and learned this pattern. [I think, I am the "Late Latheef"].
Out of curiosity, I just checked a few charts to see whether I can spot this pattern. I am not naming any particular stock here. I am leaving such stocks to be discovered by the members. I request members to do this exercise.
1. First of all acquaint with the above referred chart pattern. Sorry that I am not explaining it here. It is quite lengthy.
2. Thereafter pick up your favourite stocks and check their charts from 2003 onwards. A daily chart of the stock for the period from 2003 onwards up to today is sufficient.
3. What do you feel?
4. Do you feel that this market has got strength to travel northwards?
Post your comments here.
