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America’s Greatest Stock-Picking Secrets 47

Price 60 50 40 34 30 26 22 19 16 14 12 10 8 7 6 5 4.0 3.4 3.0 2.6 2.2 Volume 160,000 80,000 40,000 20,000 © 2009 Investor’s Business Daily, Inc.

Sep 1969

k
r h week e Jun 1969
Right t R R shoulder l h d a 0 w i
Head Head a H s Short sale after 3 rallies e up over 9 weeks and then k k closes back below 10-week e g g g era era Mar 1969
r d a a 9 w closes back below 10 k b moving average line
Lef ft shoulder hld o r S S S v u e c g i m p 3/1 Dec 1968
S&P 500 Volume up m Sep 1968

uy Buy Bu B -week week 2-wee 12-wee 12-we e double l o bottom m o V
do
do
n
k 10-week e - Volume on u breakout t ko a Jun 1968
rm
Intermediate term t d m correction correction o c Buy y u 8week 8-week w 8 p p cup p c ullback to 10 ullback to 10 o 1 o k to Add: first pullback b rage line erage line s ht closes ght closes b 5/2 Mar 1968 Dec 1967
k

7-week base e flat base Add: first pull g A ing aver moving ave moving ave g a g 3 weeks tig g g 3 weeks tig e e g volume increas a Sep 1967
Buy B 7- a f 3 3 3 3 Big volume increas u Big Jun 1967 Loews increased 1025% in 101 weeks.

ls. ls ild ht t Huge earnings acceleration ti a l g i and new high vs. June, 1966 966 sJue, gh e Add Add y Buy Buy u 45-week large cup 45-week large cup a Mar 1967 Dec 1966 Sep 1966
Shortage of hotels since jets greatly Shortage of hotels since jets greatly t g increased travel. Loews Theaters e e land was used in cities to build hotel l b b t iti d s ld 1966 Bear Market k Hu ad n Jun 1966 Mar 1966 Dec 1965

Loews–1967 Weekly Chart Sep 1965 Jun 1965

Price = 20*eps 3.00 2.50 2.25 2.00 1.80 1.60 1.50 1.40 1.30 1.20 1.10 1.00 0.90 0.80 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 0.35 0.30 0.25 0.23 0.20 0.18 0.16 0.15 0.14 0.13 0.12 0.11