When the stock recovers to its old high, his trading partners sell the remainder of their holdings. The stock tops out and rounds over. During the next month and a half, the stock drifts down, slowly, casually. There does not appear to be a rush for the exits—just a slow trickle as the smart money quietly folds up shop. Then news of poor holiday sales leaks out. There is a rumor about distribution problems, merchandising mistakes, and cash flow problems. Brokerage firms that only weeks before were touting the stock now advise their clients to sell.
One or two analysts say the stock is oversold; it is a bargain and investors should add to their positions. Big mistake. The buying enthusiasm pushes the price up briefly before a new round of selling takes hold. Each day the stock drops a bit lower, nibbling away like waves washing against a castle of sand. The following quarter JCB Superstores announces that earnings will likely come in well below consensus estimates.
The company is trying to correct the distribution problem, but it is not something easily fixed. It decides to stop expanding and to concentrate on the profitability of its existing store base. Two years later, Tom pulls up the stock chart. The dog has been flat for so long it looks as if its heartbeat has stopped.
Jim gushes enthusiastically about a new retailing concept called the Internet. He is excited about the opportunity to sell office supplies online without the need for bricks and mortar. There is some risk because the online community is in its infancy, but Jim predicts it will expand quickly.
Tom is impressed, so he starts doing his homework and is soon buying the stock again…. See author's posts. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Be the first to know about new indicators and robots, subscribe to our mailing list. Skip to content November 14, Size statistics, describing how performance varies for pattern height, width, and combinations of both… Introduction Jim is struggling.
Are you looking for a demo or real account? We recommend Instaforex. Combine enough footprints together and you have a trail to follow. Encyclopedia of Chart Patterns, Third Edition expands upon Bulkowski's immensely popular Second Edition with fully revised and updated material on chart patterns.
This broadened and revised Third Edition offers investors the most comprehensive, up-to-date guide to this popular method of market analysis. Written by a leading expert on chart patterns, Tom Bulkowski, this edition includes revised statistics on 75 chart patterns including 23 new ones, with pictures and performance statistics, packaged within easy-to-read text. I have it sitting on my shelf as a reference manual.
Add both to Cart. In roughly pages, it contains 53 chart patterns plus 9 more event patterns which will pretty much cover you for any chart you come across…. Itgoes where no one has gone before. This website uses cookies to improve your experience while you navigate through the website.
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