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America’s Greatest Stock-Picking Secrets 35
Price 220 190 160 140 120 100 80 70 60 50 40 34 30 26 22 19 16 14 12 10 8 Volume 18,200 10,600 6,200 3,600 2,000 © 2009 Investor’s Business Daily, Inc.
Mar 1962
Dec 1961
Dow Jones Ind. Sep 1961
Jun 1961
Mar 1961 Dec 1960
9
9
Traded Over-The-Counter u C h e - from Jan. 1954 - Jun. 1961; ; n J 4 4 1 a t available volume not available b v e not Sep 1960
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Market correction o creates new bases creates new bases e B B B A B by i A Buy Buy 19-week cup-with-handle h-handle ith h h p B B volume Jun 1960 Mar 1960
ers e r r tc ers p r r r o A A Key point: Dow Jones at point B Key point: Dow Jones at point B s D e makes a new low below point A, o w m but Xerox diverges at point B by di X bu holding above its low at point A. holding above its low at point A o o A sign of power and strength.
The world’s first fully-automated, plain paper photcopier. The p e y s 914 model revolutionized the industry as previous photocopie 914 model revolutionized the industry as previous photocopie s n n required either special chemically treated paper, or were too p p d y a a p t time-consum
Xerox–1958 T 9 q re Weekly Chart i Market correction r M creates new bases b w t c y Buy y 40-week cup-with-handle e i e Jun 1958 Mar 1958 Dec 1957 Sep 1957
Price = 20*eps 10 9.00 8.00 7.50 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

