947.ASSOCIATED DRYGOODS. Right-Angled BroadeningFormation with horizontal Top, 1945.PARAMOUNT PICTURES. The 1946 top, a Right-AngledBroadening Pattern with horizontal bottom line.ALLIED STORES. Flat-topped Broadening Pattern of 1945,and Breakout Gaps.U.S. STEEL. The three-month Diamond which formed the1946 Bull Market Top.AMERICAN BOSCH CORPORATION. A Diamond Patternin 1945 which functioned as a Consolidation.SHELL UNION OIL. 1946 Major Diamond Top andDescending Triangle.DOW INDUSTRIALS. 1999-2000 Diamond.HUDSON MOTORS. The 1946 Major Top, a Diamond orComplex Head-and-Shoulders.U.S. STEEL. The Wedge as part of a Rounding Top on theAugust 1937 recovery.
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LOEW’S, INC. Falling Wedge of classic form in 1936; Flagand Rectangle.SCHENLEY DISTILLERS. A large Wedge which signaled aPrimary Top in 1946. Weekly chart.TRANSCONTINENTAL & WESTERN AIRLINES. MajorOne-Day Reversal and long downtrend. 1945 to 1946.GREYHOUND CORPORATION. A conspicuous One-DayReversal at the 1946 Bull high.APPLE. Panic selling and climax in Apple, 1987 Crash.NEW YORK CENTRAL. A typical Panic Selling Climax in 1937.DOW INDUSTRIALS. 1987 Reagan Crash.NATIONAL CASH REGISTER. An example of “One-WeekReversal” in 1941. Weekly chart.QUALCOMM. A church spire top in Qualcomm.MICROSOFT. A key reversal day in March.EBAY. As Ebay broke its trendline and drifted sideways itbecame a good subject for reversal day trading.EBAY. 2004-5 Astonishing Ebay breaks away on wings ofgreat business.LUCENT. Late 20th, early 21st century schizophrenia.LUCENT. Fortune telling (or loss of fortune telling) by thechart.MARTIN–PARRY. Ideal Flag in rapid advance of 1945.NATIONAL GYPSUM. An up Flag and another false movefrom apex of Triangle. 1945.NASH–KELVINATOR. Flag of “Half-Mast” type preceding1937 Bull Market Top.VANADIUM CORPORATION. Rapid sequence of smallConsolidation Formations in 1936 to 1937.BRIGGS. Bull and Bear Flags and Symmetrical Triangle Topin 1936. Support–Resistance phenomena.ANACONDA COPPER. Wedge or Pennant, Flag andRunaway Caps in 1936–37.PACIFIC TIN. Flag, following and succeeded by Triangles,in 1944.MULLINS MANUFACTURING. B. An overlong Flag whichworked nevertheless. 1936.WYANDOTTE WORSTED. Application of measuringformula to Flag. 1946.AMERICAN WOOLEN. Perfect “Half-Mast” Pattern in1946, with gaps and Ascending Triangle.MO. 2005 gaps and flags galore.AMERICAN LOCOMOTIVE. A Flag in 1935 whichappeared to fail but finally came through.
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ANACONDA COPPER. Head-and-ShouldersConsolidations in 1936, and measuring Flag.AMERICAN & FOREIGN POWER 2D PFD. A. Head-andShoulders Consolidation Pattern of 1945.MIAMI COPPER. A genuine Scallop uptrend in 1945.COMMONWEALTH EDISON. Scalloping trend of aninvestment stock, 1945.INTERNATIONAL TELEPHONE & TELEGRAPH. Saucerlike Consolidation in 1944.FLINTKOTE. Consolidation Formation — a SymmetricalTriangle — providing signal of Primary Reversal.AMERICAN WATER WORKS & ELECTRIC. Common orPattern Gaps in a Rectangle; Runaway Gap and Flag. 1945.BETHLEHEM STEEL. Three types of Breakaway Gap. 1937.ZENITH RADIO. Strong Breakaway Gap on weekly chartof 1942 Major Bottom.ZENITH RADIO. Monthly chart of 1936 to 1946 forcomparison with Figure 124.BLAW–KNOX. Gaps following long Rectangle in early1946, and Major Double Top.BALTIMORE & OHIO. The measuring formula applied toa Runaway Gap in early 1937.SOUTHERN PACIFIC. A large Measuring Gap in the PanicDecline of late 1937.WILLYS–OVERLAND. Various types of gaps in 1944, andHead-and-Shoulders Reversal.A.O. SMITH CORPORATION. A technically significant(Runaway) Gap in 1946 decline. Weekly chart.BALTIMORE & OHIO PFD. Small Island in right shoulderof Major Head-and-Shoulders Top. 1946.LION OIL COMPANY. An Island “shakeout” in a thin stock.1947.BETHLEHEM STEEL. Unusual Island Reversal at the 1937Bull Top.PENNSYLVANIA RAILROAD. Changes in technical linesrequired by ex-dividend decline.JONES & LAUGHLIN. Normal trend action illustratingSupport and Resistance. Weekly chart, 1944 to 1947.BENDIX AVIATION. Support–Resistance Levels in anIntermediate Uptrend. 1944 to 1945.NATIONAL DISTILLERS. 1926 to 1947 monthly chartshowing Major Support–Resistance Levels.KRESGE (S.S.) COMPANY. 1936 to 1946 monthly chartshowing important Support–Resistance Levels.
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JEWEL TEA. Major Support–Resistance Levels on 1936 to1946 monthly chart.REMINGTON RAND. Descending Triangle Top andsignificant failure of Support. Weekly chart, 1945 to 1947.YORK CORPORATION. Measuring Gap and longRectangle. 1945 to 1946.YORK CORPORATION. Sequel to Figure 141. RectangleSupport, false move from apex of Triangle, and Double Top.1946.GOODYEAR TIRE. Four Pullbacks to neckline ofHead-and- Shoulders Top. Weekly chart, 1945 to 1947.INTERNATIONAL TELEPHONE & TELEGRAPH. Support“field” of Symmetrical Triangle. 1945.INTERLAKE IRON. “End run” following a late breakoutfrom Symmetrical Triangle. 1944.SOUTHERN RAILWAY. Typical Pullbacks to Head-andShoulders Neckline, and increase of volume as Support isviolated. 1946.ATLANTIC REFINING. Basic Intermediate Trendlines onweekly chart, 1944 to 1947.ATCHISON, TOPEKA & SANTA FE. Acceleration ofIntermediate Uptrend in 1936. Support Levels.CRANE COMPANY. Short-term trendlines in 1945, andexamples of channel “failure” and Pullback.COMMERCIAL SOLVENTS. Intermediate Downtrend andUptrend in 1946.PHILLIPS PETROLEUM. An exception to the normalconsequences of valid trendline penetration. Weekly chart,1935 to 1938.PARAMOUNT PICTURES. Double trendlines inaccelerated Intermediate Advance. 1945 to 1946.BETHLEHEM STEEL. Trend Channels and Rectangle. 1945.PAN AMERICAN AIRWAYS. Descending Triangle Top andlong, Double Downtrend Channel. 1945 to 1946.SOUTHERN PACIFIC. Intermediate Basic and Return Linesand Flags within Trend Channel. 1945.HUDSON MOTORS. Measuring implications of “failure”in Trend Channel. 1945.CONSOLIDATED VULTEE. Part of a two-year UptrendChannel. 1945.NASH–KELVINATOR. Downtrend Channel in 1946.R.H. MACY. Complex Top in 1946 and penetration ofIntermediate Up Trendline. Tentative Fan Lines.ARKANSAS BEST. 1987. Fan and Head-and-ShouldersBottom.
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BARBER ASPHALT. Application of three-fan principle toBull Market Reaction. 1946.DELAWARE & HUDSON. Application of three-fanprinciple to Bull Market Reaction. 1944.BACYRUS ERIE. 1984. Excellent Fan Pattern.GENERAL MOTORS. Straight-line Bull Trend. Monthlychart, 1938 to 1946.HUDSON MOTORS. Up-curving Bull Trend. Monthlychart, 1938 to 1946.CURTIS PUBLISHING $7 PFD. Typical decurving BullTrend of preferred stocks. Monthly chart, 1938 to 1946.CURTIS PUBLISHING COMMON. Accelerating Bull Trendof low-priced, speculative common stocks. Monthly chart,1938 to 1946.COMMONWEALTH EDISON. Straight-line Bull Trend ofinvestment type utility. Monthly chart, 1938 to 1946.INTERNATIONAL HYDRO-ELECTRIC. Up-curving BullTrend of a high leverage junior utility stock. Monthly chart,1938 to 1946.HOUSTON OIL. Accelerating trend of a speculative oilstock. Monthly chart, 1938 to 1946.STANDARD OIL OF OHIO. Straight-line Bull Trend of aninvestment oil. Monthly chart, 1938 to 1946.REPUBLIC STEEL. Typical Bull Trend of steel stocks.Monthly chart, 1938 to 1946.AMERICAN CAR & FOUNDRY. Up-curving Bull Trend ofheavy industry issues. Monthly chart, 1938 to 1946.CELOTEX. Accelerating uptrend of a low-priced buildingsupply stock. Monthly chart, 1938 to 1946.CLAUDE NEON (Curb Exchange). Strongly up-curved BullTrend of a low-priced, highly speculative issue. Monthlychart, 1938 to 1946.LIGGETT & MYERS TOBACCO B. Straight-line trendcharacteristic of tobacco stocks. Monthly chart, 1938 to 1946.CORN PRODUCTS REFINING COMPANY. Typical MajorUptrend of food group. Monthly chart, 1938 to 1946.WESTINGHOUSE ELECTRIC. Major Trendlines. Weeklychart, 1935 to 1938.THE DOW–JONES INDUSTRIAL AVERAGE. Monthlychart, 1924 through 1937, showing the unique straightdowntrend developed by the 1929 to 1932 Bear Market.THE S&P 500. Horrors of the 1987 Crash.THE S&P 500. The 1987 Crash viewed from afar.THE DOW. Three Bull Market tops.
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THE DOW 1999-2000 The top of the bubble.S&P 500 Tulipomania bull top 1999–2000.OATS. Tracing “normal” patterns during the 1940s (5th ed.).COTTON FUTURES. Familiar technical action in a futureschart (5th ed.).GOLD 2005. A great rounding bottom? Foretelling?SILVER 2005. Another great rounding bottom?SILVER MAY 05. Lessons in agility, gaps and run days.TBONDS 2005. Applications of charting knowledge.Commodity Research Bureau April 2005. Gaps andtriangles in futures charts.Commodity Research Bureau 2005. Long term view of bullmarket.
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CORN FUTURES, MARCH 1997. Support and Resistancelevels are clear on this Corn Futures chart of daily prices.CORN FUTURES, MARCH 1997. Daily chart showingSymmetrical Triangles and well-defined downtrend. Thisdaily chart stresses the importance of checking a weeklychart. (See Figure 183.)STANDARD & POOR’S 500 INDEX (CASH).July–December 1996 chart showing the steady progress ofthe S&P Index with a Major break in the trend duringDecember.WEEKLY CORN PRICES (CASH). Corn futures price chart(see Figure 181) where a broad, 9-month Head-and-ShouldersTopping Pattern formed in the corn market.30-YEAR TREASURY BOND FUTURES, MARCH 1997.Triangle Patterns indicating approaching market breaks in30-year Treasury Bond futures. Volume, Support, andResistance are also discussed in this 1996 chart.IBM 1996, 50-DAY MOVING AVERAGE (ExponentiallySmoothed). Chart illustrating the buy and sell signals givenby a single, 50-day Moving Average.SOYBEAN FUTURES, JANUARY 1997. Buy and sell signalsgenerated when 9-day and 18-day Moving Averages areused with soybean futures.STANDARD & POOR’S 500 INDEX, 1996, BOLLINGERBANDS. Overbought and oversold indications from the useof the Bollinger Bands Indicator, originally developed byJohn Bollinger. The chart also shows the Wilder RelativeStrength Indicator for actual buy and sell indications.
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STANDARD & POOR’S 500 INDEX, 1996, MACD. MovingAverage Convergence Divergence (MACD) showing buy andsell indications given by the lines. Trendlines are also drawnon the MACD lines to clearly illustrate turning points.OATS FUTURES, MAY 1997 (with Stochastic Chart).Stochastic %K and %D lines generating signals and showingthe “cluster” effect. Also the 1996 chart shows 9-day and18-day Moving Average and trend pattern lines.CORN FUTURES, MARCH 1997. Stochastic Lines near zerocan lead to erroneous belief in a Reversal. The chart showsthe lines near zero without a Reversal and points out aninterpretation of weakness being the logical conclusion.30-YEAR TREASURY BONDS, MARCH 1997, FUTURES.Chart illustrates volume trends on 30-year Treasury Bondfutures and discusses some difficulties of using volume asan indicator with futures.30-YEAR TREASURY BONDS, MARCH 1997, FUTURES.Description of futures open interest rising or declining andthe 1996 indications for Treasury Bonds.CORN FUTURES, MARCH 1997. Chart showing 14-dayRelative Strength “Swing Failures” with buy and sell signalsfor the March, 1997 Corn Futures as of December 1996.30-YEAR TREASURY BOND FUTURES, MARCH 1997. A1-day Relative Strength Indicator showing overboughtabove 70 and oversold below 30.ROUGH RICE FUTURES, JANUARY 1997. Swing Failuresshow a sell signal and a buy signal for Rough Rice Futuresfor 1996.STANDARD & POOR’S 500 INDEX FUTURES (SPX). Twocharts showing the difference in clarity of signals betweena 14-day and 3-day period for relative strength in 1996.STANDARD & POOR’S 500 INDEX FUTURES (SeeFig. 196).SPIEGEL, INC. The Major Top of 1946 and the first part ofa Bear Trend. 1946 to 1947.SPIEGEL, INC. Sequel to Figure 198. Continuation of BearTrend. 1946 to 1947.CBOT DOW INDEX FUTURES AND DIAMONDS.Hedging DIAMONDS with index futures illustrated.CBOT DOW INDEX FUTURES AND OPTIONS ONFUTURES. Using options and futures to control portfoliorisk.
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CUDAHY PACKING. Head-and-Shoulders Reversal atthe Major Top in 1928.HUDSON MOTORS. Daily chart from January throughJune 1930, showing large Descending Triangle, alsoSymmetrical Triangle Consolidation during decline.ENRON 2005. The most fundamental lesson.IBM. Perhaps those “best and brightest” fundamentalanalysts were not as feckless as one might think fromlooking at their 20-year record.XEROX. More benefits of fundamental analysis.GOODYEAR TIRE COMMON. Monthly, 1943 to 1947,showing rapid advance of a somewhat speculativecommon stock during a Bull Market.GOODYEAR TIRE $5 PFD. Monthly, 1943 to 1947,showing stability of a conservative preferred stock of thesame company in the same period.S&P. Here the benefits of relaxed long-term investing maybe seen.SPDR. For illustration, here is a chart of the Amex IndexShare, the SPYDR, or share based on the S&P 500.S&P 500 2004-5. The Broadening Top comes home to roost.BALTIMORE & OHIO. Weekly, first 6 months of 1945,showing tendency of a low-priced stock to make wideswings in a general market move.UNION PACIFIC. Weekly, first 6 months of 1945, showingtendency of a high-priced stock of the same group to makesmall swings.MICROSOFT. A multitude of lessons in Microsoft.MICROSOFT. A Monthly perspective.MICROSOFT. 2005. The long view after the fall.PALM. Fool’s gold. Fool’s gold with naivete writ large onit.PALM masquerading as PLMO. A Continuation of theshell game.PALM masquerading as PSRC. Which shell is it under?3COM. Underwriters cleverly only threw 3% of3Com-owned Palm stock onto the market at the IPO.ORACLE. Your modern misshapen rectangles in Oracleagain, marked by runaway days and gaps.INKTOMI. Scaling the Internet.EMULEX. Lessons in high-speed speculation.
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AMAZON. Weekly. Internet dreams of glory.Documenting the great Internet bubble. Blow-off andhangover.AMAZON. Daily. Details of the blow-off with sometechniques to profit and not suffer.AMAZON. 2005. Rolls on. Biggest river in world. Not ofprofits.CISCO. Exercises in adroit speculation.CISCO. Zooming in on Cisco.GOOGLE. 2005. More fun than a googly on a stickywicket.CORN PRODUCTS REFINING COMPANY. Weekly, 1945to 1946. Habits of a stock of low sensitivity.SCHENLEY DISTILLERS. Weekly, 1945 to 1946. Habits ofa stock of high sensitivity.CUBAN-AMERICAN SUGAR. Weekly, 1945 to 1946.Habits of low-priced stock of fairly low sensitivity.ELECTRIC BOAT. Weekly, 1945 to 1946. Habits oflow-priced stock of somewhat higher sensitivity.AMERICAN CABLE & RADIO. Daily, last half of 1945and beginning of 1946. Placement and change ofstop-order levels.BASING POINTS. The most important chart in the book?SOUTHERN PACIFIC. Daily, 6 months in 1946.Head-and- Shoulders Top, rally, and subsequent decline.BRANIFF AIRWAYS. Daily, last half of 1945. Head-andShoulders Bottom, reactions, Ascending TriangleConsolidation and advancing trend.ASSOCIATED DRY GOODS. Daily, first half of 1946.Rounding Top; also Broadening Consolidation.GREYHOUND. Daily, last half of 1945. Rounding Bottomand advance with reactions to Support Levels.ALLIED STORES. Daily, last half of 1946. SymmetricalTriangle Consolidation in decline; also smallHead-and-Shoulders Continuation Pattern.CONTINENTAL MOTORS. Daily, last half of 1945.Ascending Triangle showing Pullback to Support Level;also Symmetrical Triangle with reaction to apex.CERTAINTEED PRODUCTS. Daily, 6 months in 1946.Broadening Top, showing rally following the breakout,and subsequent decline.REMINGTON RAND. Daily, end of 1944, beginning of1945. Series of Rectangles during Bull Market Advance,and return moves to Support Levels.
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PARAMOUNT PICTURES. Weekly, 1941 to 1943. DoubleBottom, breakout, and reaction to Support before mainadvance.ASSOCIATED DRY GOODS. Daily, first half of 1945.Right- Angled Broadening Formation and ensuingadvance.AMERICAN CAN. Daily, end of 1946, beginning of 1947.Diamond Formation at top of Secondary rally.GULF, MOBILE & OHIO. Daily, first 6 months of 1945.Intermediate Bottom and Wedge.MARTIN-PARRY. Daily, 6 months in 1945. Pennant,showing formation of Consolidation Pattern at halfwaypoint in advance.LEHIGH VALLEY RAILROAD. Daily, end of 1945,beginning of 1946. Gaps of various types.NORTHERN PACIFIC. Daily, 6 months in 1944. Supportand Resistance phenomena; also showing SymmetricalTriangle and reaction to apex, and small Rectangle.AMERICAN STEEL FOUNDRIES. Daily, 6 months in1947. Parallel Trend Channels in Primary and Secondarydirections.DOW INDUSTRIALS. 150-day moving average. Editor’schoice.U.S. SMELTING, REFINING & MINING. Weekly, 1951 to1953, showing Ascending Triangle andHead-and-Shoulders Top.INSPIRATION CONSOLIDATED COPPER. Downtrendand break through Major Support.GRANITE CITY STEEL. Rectangle andSupport–Resistance phenomena in 1956