Appendix A: Basic Investment Decision Making Based on Chart Analysis
fiGURe A.3 60‐Min Chart of Apple Inc. (Short Term).
Courtesy of Stockcharts.comfiGURe A.4 Weekly Chart of Apple Inc. (Long Term).
Courtesy of Stockcharts.comA.2.1 The Climate in Which the Stock is Trading
(the index)
Referring to the long term chart in Figure A.7, we see that the Dow Jones is cur-
rently making higher highs and higher lows, indicating that the prevailing uptrend
is still intact. We also see that the index is still being supported by two uptrend lines,
2 and 3, and that the index is currently above both the 50 and 200 week moving
averages. Referring now to the medium term chart as seen in Figure A.8, we notice
that the index is currently bullish with respect to the Ichimoku indicators. The index
is currently above the cloud. It is also above both the Tenkan‐sen and Kijun‐sen. We