High Price Gapping Play 99 CENTS STORES 14.4 14.3 14.2 14.1 - PowerPoint PPT Presentation

High Price Gapping Play 99 CENTS STORES 14.4 14.3 14.2 14.1 14.0 13.9 13.8 13.7 13.6 13.5 13.4 Congestion 13.3 Congestion 13.2 13.1 band band 13.0 12.9 12.8 12.7 12.6 12.5 12.4 High price High price 12.3 12.2 gapping gapping 12.1 12.0 play play 11.9 11.8 11.7 11.6 11.5 11.4 11.3 11.2 11.1 11.0 10.9 10.8 8 15 22 29 6 13 20 July 101

Gapping Doji 102

Gapping Doji 103

Interactive Chart 1. What candle signals are at A and B? 2. What candle signals are at C and D? 3. Why did the rally stall at E and what was the candle signal formed? E 4. After the decline from E why did the market find support near $18? A B D C 104

Interactive Chart - answers 1. What candle signals are at A and B? – Because of the trend neither are engulfing patterns. 2. What candle signals are at C and D? – Bullish engulfing pattern and a bullish counter- attack pattern E 3. Why did the rally stall at E and what was the candle signal formed? –T he falling window opened in early August. A bearish engulfing pattern 4. After the decline from E why did the market find support near $18?- The small rising window A Small rising window B D C 105

Record Sessions O verbought / Oversold Indicator 9 9 9 record session highs 9 record session highs 8 8 7 7 6 6 5 5 4 4 3 3 2 2 1 1 low for move low for move 106 106

Record Session Highs �� 10 � � � � � � � 107 107

Record session highs 7 Start here 108 108

Three Advancing White Soldiers 109

Three White Soliders Three advancing soldiers 110 110

Three White Soliders Advancing three soldiers 111 111

Three Black Crows 112

Three Black Crows PULTE CORP (44.8600, 45.6600, 43.7600, 43.9000, -0.95000) 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 8 25 2 9 16 23 30 6 13 20 27 4 10 24 July August September 113 113

Rising and Falling Three Methods Rising Three Falling Three Rising Three Falling Three 114 114

Rising Three Methods PHARMACIA 47.0 46.5 46.0 45.5 45.0 44.5 44.0 43.5 43.0 42.5 42.0 41.5 41.0 40.5 40.0 39.5 39.0 19 20 21 22 25 26 27 28 1 4 5 6 7 8 11 12 13 14 15 18 19 20 21 22 25 26 27 28 1 March Ap 115 115

Open below/above the Stomach close Above Middle Black Above Middle Black Below Middle White Below Middle White 116

Open below the stomach 117 117

Above the Stomach 118 118

Above the Stomach 119

Above the Stomach 120