Page 253 - How to Make Money in Stocks Trilogy
P. 253
How to Read Charts Like a Pro and Improve Your Selection and Timing 135
J D S Uniphase Price
160
140
Weekly Chart 120
100
80
70
60
50
Buy point
Buy pointn
40
With this 12th model, are this 12th model, arel, arth m 34
With
With
you beginning to see any beginning to see anye anyng tonou b
you 30
common 26
common factors in these factors in thesehesetorsomm
examples?p sxam 22
19
16
V Volumeolumeu e e e 14
up
up p
2/1 2/1 2/1
Volume © 2009 Investor’s Business Daily, Inc.
120,000,000
70,000,000
40,000,000
20,000,000
Jun 1999 Sep 1999 Dec 1999 Mar 2000 Jun 2000 Sep 2000
Price
Qualcomm 200
Climax top: stock doublesbles: stoxm
Climax top: stock doubles 175
in 3 weeks; classic sell signn 3 weeks; classic sell signg;; clae3
in 3 weeks; classic sell sign
Weekly Chart in 3 weeks; classic sell signl sigc 150
Buy ypppointtp 130
Buy pointu
114
5
Now
N N Now you have 13 models toyou have 13 models tomodou haw 5 weeks of weeks ofw 100
thh
use for the next high tight flagtthe t x t hi hti htflghi hti htfltgh ti tightg g g tight closescloses 88
use for the next high tight flagffe
Buy pointypypy po 76
Buy point
66
High tighg
Hi H Hi tightgt tight t t
tigh
fl f f f
flagg g g 58
50
44
C
Buy pointyppointy poin B B 38
B Buy point
Buy
If
If you missed the first you missed the firstftmissy A A A 33
29
Ascendingns
high n n an Ascendiding g g base 25
ing basengng ban
high tight flag there’s antight flag there sre’s aght fg
ascending base ahead. base aheadhead.edingc
ascendinggg K K Key: selling lliey: sellingnse 22
But subsidesbidiu 19
But you can’t pay $57you can t pay $57pu cant
gh tighth tighh
gh tight
H
Hig
when you could have you could havealyou ce yy Highigh t t 16
when
paid $ ,, yy 2/1 lagagflaflffla g 4/1 14
p paid $29, can you?$29 can you??y29, c
Volume © 2009 Investor’s Business Daily, Inc.
80,000,000
40,000,000
20,000,000
Dec 1998 Mar 1999 Jun 1999 Sep 1999 Dec 1999 Mar 2000
Price
T A S E R Intl. 128
108
Weekly Chart 92
78
66
56
47
Buy pointtpypp 40
B B
Buy pointi tt
34
Since you have 14 models, you have 14 modelsloe 14nce y
Since Buy pointt 29
Buy pointtyp
Buy point
Buy p
can you now locate one or you now locate one oronocatoan yo
can 24
two A Another highhigher hin h h 20
two or maybe more precedentsor maybe more precedentsedentpmorawo or
Another
that tight g 17
that look like these two examples? look like these two examples?sxampwheseiat loo
g tight flagflaga
What
What’s
What’s that?s that?a Y Y Y Y Y Y You never use chaou never use chause chen r r ??ts?ts?t 14
on
onnn
3 3 3 3 tight closes tight closesstigh on 12
this high tighthigh tighthis h
this ight g g 10
ght flagtflagt flat
t
8
7
V V V lolume dumeeoluololu ddrr up is keyuppy-uy-uy up p is keyykis keyk 6
clue this extethise
cl c cl clue extendedxtendedxtendxex exte B Big 5
Big volume
Big volumeevolumev
p
probably
stock probably okokobo 3/1 4.4
stock is pis psc
Volume upolume upel Volume © 2009 Investor’s Business Daily, Inc.
25,000,000
12,000,000
6,000,000
3,000,000
Dec 2002 Mar 2003 Jun 2003 Sep 2003 Dec 2003 Mar 2004 Jun 2004

