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Bulkowski’s Event Pattern Resource
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Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P 500 (^GSPC):
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As of 03/12/2010
10,624.69 12.85 0.1%
4,325.35 4.97 0.1%
376.80 -1.99 -0.5%
2,367.66 -0.80 0.0%
1,149.99 -0.25 0.0%
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YTD
1.9%
5.5%
-5.3%
4.3%
3.1%
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Tom’s Targets
380 by 03/15/2010
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CPI: on 02/09/2010 |
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Written by and copyright © 2005-2009 by Thomas N. Bulkowski. All rights reserved.
Event patterns are price patterns caused by significant events that affect
securities. Events such as earnings releases, Dutch auction tender offers, stock
broker rating upgrades and downgrades, I call event patterns. This page serves as the
gateway to examining those patterns and how to trade them.
Event patterns have failure rates that are often significantly higher than your average chart pattern.
For example, an Eve & Eve double bottom chart pattern has a bull market break even
failure rate of 4%.
The earnings flag event pattern has a 10% failure rate. A good earning surprise event
pattern has a 29% failure rate. Ouch!
Despite the high failure rates, traders should know how to recover from or take advantage of event patterns. That is what the below links discuss.
-- Thomas Bulkowski
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