1. Technical Analysis

5. Dow Theory contd.. Revival of Market Confidence Phase -1 B 1 B 2 T 1 T 2 T 3 Good Corporate Earnings Phase -2 Speculation Phase -3 PEAK ● ● BULL MARKET PRICE Days

6. Dow Theory contd.. Falling trend line Flat trend line Rising trend line Trend Line Days P R I C E X Y

7. Tops Bottoms ABORTIVE RECOVERY SECONDARY MOVEMENTS UPWARD PRIMARY TREND DOWNWARD PRIMARY TREND l + x l + z TRADING DAYS CLOSING PRICE DOW THEORY SIGNALS Line Chart

8. Point Figure Chart 0 = Sell X = Buy Up Flag Down Flag Point and Figure Chart x x x x x x x x x x x x x 0 0 0 0 x x 0 x 0 x 0 0 x x 0 x 0 x 0 x x x 0 x 0 x 0 x 0 x x 0 x 0 x 0 x x x x x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 0 0 0 0 0 0 0 0 x x x 0 x 0 0 0 0 x 0 x 0 x 0 x 0 x 0 x x x x x 0 x 0 x x 0 x 0 x 0 x 0 x 0 x 0 0 0 0 x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x 0 x 0 x 0 x 0 x 0 x x 0 x 0 x 0 x x x 0 x 0 x 0 x 0 x x x x x 0 x 0 x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x x x x

11. Triangles Connecting Lower tops 300 200 400 500 Jan 97 Jan 98

12. NECKLINE Fig. Chart Patterns BOTTOMS SAUCER BOTTOMS INVERSE HEAD ANDSHOULDERS BUY FULCRUM V BASE COMPOUND FULCRUM V EXTENDED DUPLEX HORIZONTAL BOTTOM DELAYED ENDING BOTTOMS DELAY

13. TOPS INVERTED SAUCER TOPS HEAD AND SHOULDERS SELL NECKLINE INVERSE FULCRUM INVERSE COMPOUND FULCRUM INVERTED V INVERTED EXTENED DELAYED ENDING TOP DELAY DUPLEX HORIZONTAL TOP Chart Patterns

14. P R I C E DAYS SHARP DECLINE FAST REVIVAL V – SHAPED REVERSAL Zee Telefilms Jan98 Jan99 100 200 300 400 500 600 700 800

15. Double Top P R I C E DAYS P R I C E DAYS Double Bottom X Y

25. The Elliot Wave Principle