Page 161 - How to Make Money in Stocks Trilogy

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1,960,000
1,120,000
360,000
200,000
640,000
Volume
10
7
8
6
5
Mar 1992
Dec 1991
Sep 1991
2/1
Jun 1991
Mar 1991
closes at peak and
d
Volume support t
anged
about unchanged
d
n
Shakeout week:
Shakeout week:
g
p
p
pp
k
e
2
Breakout week: note also 2
about uncha
Dec 1990
of 3 prior weeks have big
of 3 prior weeks have big
o
w
h
s
p
l
m
o
u
v
te
h
l
s
Vo
a
Sep 1990
k
a
S
c
k
k
volume clues
w
t w
u
u
e
Jun 1990
k
2/1
B
Mar 1990
Market Price S&P 500 140 Market k eaks Sell: breaks Sell: breaks k k re Sell: l l S correction e Market e a 120 channel line channel line n e a c correction o e o 100 80 Buy y B 70 60 t t 4 weeks tight 4 weeks tight h t e w 50 40 Buy Buy B B B 12 weeks in a
Dec 1989 United States Surgical increased 786% in 93 weeks.
Sep 1989
Jun 1989
Mar 1989
Dec 1988 Sep 1988
United States Surgical–1990 Weekly Chart Jun 1988 Mar 1988 Dec 1987
Price = 20*eps 7.00 6.50 6.00 5.50 5.00 4.50 4.00 3.50 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