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Black Belt Trading: Investing Like a Pro 139
Price Scale 100 90 80 70 60 50 46 42 38 34 30 28 26 24 22 19 17 15 14 13 12 11 10 9 8 7 6 5 4.6 4.2 3.8 3.4 3.0 2.8 2.6 2.4 2.2 Volume 10,000,000 7,500,000 5,000,000 2,500,000 © 2012 Investor’s Business Daily, Inc.
S&P 500 RS Line
Dec 92
Sep 92
Jun 92
Rode 50-day moving average all the way up RS line in new high ground during breakout Mar 92 Dec 91
156% gain in 52 weeks Big volume spikes show institutional buying Sep 91 Jun 91
Dec 90 Mar 91 Sep 90
Breakout from classic cup-with-handle base Jun 90 Mar 90
Dec 89 Sep 89 Jun 89
Home Depot Inc (HD)—Weekly Chart 1988–1992 Operates 2,252 Home Depot stores offering building materials, home improvement, and lawn and garden products Kevin Marder Mar 89 Dec 88 Sep 88 Jun 88 Mar 88
