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White Belt: Understanding the Trend and Market Timing 9
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Index Scale Volume (00) 16,000,000 12,000,000 8,000,000 4,000,000
4th day follow-through day 2 18 May
SINA HAR (+3.88%)
CTX, AVID, ASKJ DKS 4 April
NTES, UNTD, SOHU, HITK ANSI HOV, JCOM 21
TEVA, UOPX MATK
CECO, IGT, NFLX, YHOO OVTI 7 March
COH
21
SCHN
February
7
24
10
January
27 13
NASDAQ—Daily Chart 2002–2003 Leading stocks breaking out before, on, and after a follow-through day Ticker Symbol Legend SCHN – Schnitzer Steel Inds A COH – Coach Inc. OVTI – Omnivision Technologies CECO – Career Education Corp IGT – Intl Game Technology NFLX – Netflix Inc. YHOO – Yahoo! Inc. MAT
