As of 08/12/2022
  Indus: 33,761 +424.38 +1.3%  
  Trans: 15,147 +74.16 +0.5%  
  Utils: 1,042 +15.91 +1.6%  
  Nasdaq: 13,047 +267.38 +2.1%  
  S&P 500: 4,280 +72.88 +1.7%  
YTD
-7.1%  
-8.1%  
 +6.2%  
-16.6%  
-10.2%  
  Targets    Overview: 07/28/2022  
  Up arrow34,500 or 31,850 by 09/01/2022
  Up arrow16,300 or 14,300 by 09/01/2022
  Up arrow1,075 or 990 by 09/01/2022
  Up arrow13,600 or 12,000 by 09/01/2022
  Up arrow4,325 or 4,000 by 09/01/2022
CPI (updated daily): Arrows on 7/15/22
As of 08/12/2022
  Indus: 33,761 +424.38 +1.3%  
  Trans: 15,147 +74.16 +0.5%  
  Utils: 1,042 +15.91 +1.6%  
  Nasdaq: 13,047 +267.38 +2.1%  
  S&P 500: 4,280 +72.88 +1.7%  
YTD
-7.1%  
-8.1%  
 +6.2%  
-16.6%  
-10.2%  
  Targets    Overview: 07/28/2022  
  Up arrow34,500 or 31,850 by 09/01/2022
  Up arrow16,300 or 14,300 by 09/01/2022
  Up arrow1,075 or 990 by 09/01/2022
  Up arrow13,600 or 12,000 by 09/01/2022
  Up arrow4,325 or 4,000 by 09/01/2022
CPI (updated daily): Arrows on 7/15/22

Bulkowski's Polo Ralph Lauren (RL) Trading Quiz

Released 3/30/2022.

RL: Quiz

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.


1 / 4
chart pattern

What chart patterns can you find? Look for the following (if you find others, great!): diamond top and head-and-shoulders top.

The answers are on the next slide.
2 / 4
chart pattern

The PP in April is a weekly pipe bottom shown on the daily scale. The diamond top appears in October and the head-and-shoulders top is on the far right.

This is an exercise in selling. Suppose you own the stock shown above. When do you sell? The head-and-shoulders top has a close below the neckline. The neckline is the blue line drawn connecting the two armpits. That's also the traditional sell signal. But the sell signal has a flaw. What is it?

See the next slide for an answer.
3 / 4
chart pattern

The above chart shows the problem in a modified picture. With steep down-sloping trendlines, you may never get a sell signal using the traditional approach. Is there a better way, a sell point that signals sooner? Yes.

See the next slide for an answer.
4 / 4
chart pattern

Draw a horizontal line even with the right armpit as shown above in red. If you placed an order to sell when price moved below the red sell line, you would have sold at 26.50. This compares to a traditional sell signal of 25.89.

You might even try selling at the green 'sooner sell line' I show above. I haven't tested this one (but have the red one) so I'm not sure how well it works. I drew the horizontal line starting from the left armpit low.

Any time you have a multiple bump pattern, like a triple top/bottom or head-and-shoulders, try drawing a trendline along the peaks and valleys and use them as sell signals instead of the traditional lowest low or highest high. Sometimes, it can get you into a trade or out of one a bit sooner and you'll save money.

The End.

See Also

 
Top of page
 

 

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 notices: "As an Amazon Associate I earn from qualifying purchases." Paid links).

My novels:  Bedroom to Boardroom bookBedroom to Boardroom book Remember Me bookRemember Me book Bumper's Story book Head's Law book

Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of chart patterns book Encyclopedia of Chart Patterns 3rd Edition book Trading classic chart patterns book


Copyright © 2005-2022 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.
Home Advertise Contact Donate Links Privacy/Disclaimer