Page 29 - How to Make Money in Stocks Trilogy
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                                                              50,000
                                                                30,000
                                                            80,000
                                                          Volume
                                                                  18,000
                                                14
                                                  12
                                                    10
                                                       8
                                                                     Dec 1899
                                                                     Sep 1899
                                                                     Jun 1899
                                                                     Mar 1899
                                                     Volume increase
                                               closes at bottom)
                                                                     Dec 1898
                                                      on breakout
                                                                     Sep 1898
                                                                         Tennessee Coal & Iron increased 265% in 39 weeks.
                                                                     Jun 1898
                                                                     Mar 1898
           Mass-production of steel for The Spanish-American War.  Price Lowered freight costs by using its own railroad and lowered   220 operating costs by employing convicts.  190  160  140  120  100  80  70  60  50  Buy  40  34  30  26  22 A classic shorter   16-week cup-  19 with-handle (note   4 weeks of tigh
                                                                     Dec 1897
                                                                     Sep 1897
                                                                     Jun 1897
                                                                     Mar 1897
                                                                     Sep 1896 Dec 1896
                                                                     Jun 1896 Mar 1896
                                                        trading volume for
           Tennessee Coal & Iron–1898  Weekly Chart  Weekly trading   volume, color of   volume matches   color of price Average weekly   prior 10 weeks  Dec 1895 Sep 1895 Jun 1895
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