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America’s Greatest Stock-Picking Secrets 39

Price 120 100 80 70 60 50 40 34 30 26 22 19 16 14 12 10 8 7 6 4.5 Volume 130,000 70,000 40,000 20,000 © 2009 Investor’s Business Daily, Inc.

Sep 1966

Jun 1966
g i l h t me m m l l w w w w l

S&P 500 4 weeks closing k e 4 relatively tight e t r Enormous institutional volum l n ti ititu s s supportafter shakeout below support after shakeout below o a r a low of first week of April r A k e s 2/1 Mar 1966 Dec 1965

Market correction Market correction o e o e a Shakeout below o o 35.75 low in April 35 75 low in Apri r A w l m o E r p w Sep 1965 Jun 1965

7
a
Dec 1964 Mar 1965

Base-on-base o National Airlines increased 1004% in 179 weeks.
Buy Buy Sep 1964

al Jun 1964
et et e . s d p p p g Mar 1964 Dec 1963
Whole airline industry leads this marke Whole airline industry leads this marke s i cycle due to jets replacing prop planes r e e Consumers’ living standard rises. Consumers’ living standard rises r e No bull market has ever begun No bull market has ever begun v r without a follow-through day

Sharp sha
Sharp s
Chapter 9.
Crisis
Crisis
Y h
o
n
w
Y
p Volume up u Mar 1963 Dec 1962 Sep 1962
National Airlines–1962 Weekly Chart Market correction o t Mk 28-week cup-with-handle u 2 Jun 1962 Mar 1962
Buy
Buy
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ti