Chart of the Week（本周的图表）.pdf

TECHNICAL SCOOP CHART OF THE WEEK Charts and commentary by David Chapman August 22, 2013 26 Wellington Street East, Suite 900, Toronto, Ontario, M5E 1S2 phone (416) 604-0533 or (toll free) 1-866-269-7773, fax (416) 604-0557 david@ dchapman@ The Bullhorn Charts created using Omega TradeStation 2000i. Chart data supplied by Dial Data I confess. This was a new one on me. I had never heard of a “Bullhorn” pattern. I saw it mentioned first in a weekly article from a gentleman who writes under the moniker of “Thirdeyeopentrades”. “Thirdeyeopentrades” appears to be someone by the name of Robert Cote although I have been unable to find a website. As to the “Bullhorn” pattern, I have not been able to find such a technical pattern in any of the books on “Technical Analysis” that I own nor was I able to find it via “Google”. August22,2013 Page1 This is not to diminish what appears to be a potentially powerful bull pattern. There is a pattern known as the “Megaphone” pattern or broadening top. It is a rare pattern. The Dow Jones Industrials (DJI) appears to be forming a “Megaphone” pattern. However, what appears as a top can also be a huge five point consolidation pattern. Later on in this article, I will show the DJI “Megaphone” pattern. First the “Bullhorn” pattern. I don’t know whether this might qualify as a new technical pattern but it certainly is potentially compelling. This is a logarithmic chart so I do note it only appears on a log