1. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 1 12-14-10 Disney - Daily StockCharts.com Line Chart of Daily Close for Walt Disney Co. 2003 - 2007

2. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 2 12-14-10 Disney - Weekly StockCharts.com Line Chart of Weekly Closes for Walt Disney Co. 2003 - 2007

3. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 3 12-14-10 Disney - Monthly StockCharts.com Line Chart of Monthly Closes for Walt Disney 2003 - 2007

4. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 4 12-14-10 Krispy Kreme - Daily StockCharts.com Daily Bar Chart for Krispy Kreme Doughnuts June 1 - August 22, 2007

5. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 5 12-14-10 StockCharts.com Weekly Bar Chart for Krispy Kreme Doughnuts December 1, 2002 - August 22, 2007 Krispy Kreme - Weekly

6. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 6 12-14-10 Krispy Kreme - Monthly StockCharts.com Monthly Bar Chart for Krispy Kreme Doughnuts June 1, 2001 - August 22, 2007

7. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 7 12-14-10 StockCharts.com Monthly Bar Chart for Cisco Systems, Inc. 1995-2005 (arithmetic scale) Cisco - CSCO

8. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 8 12-14-10 StockCharts.com Monthly Bar Chart for Cisco Systems, Inc. 1995-2005 (logarithmic scale) Cisco - CSCO

9. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 9 12-14-10 Drawing the Candle Lines Definition of Candle Terms

10. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 10 12-14-10 StockCharts.com Krispy Kreme - Daily Daily Candlestick Chart for Krispy Kreme Doughnuts June 1 - August 22, 2007

11. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 11 12-14-10 StockCharts.com Daily Candle Chart for DIA (Diamonds) September 30, 2007 - January 16, 2008

12. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 12 12-14-10 Alleghany Technologies, Inc. One point ($1) box and 1 box reversal

13. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 13 12-14-10 Alleghany Technologies, Inc. One point ($1) box and 3 box reversal

14. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 14 12-14-10 Alleghany Technologies, Inc. Two point ($2) box and 1 box reversal

15. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 15 12-14-10 Alleghany Technologies, Inc. Two point ($2) box and 3 box reversal

16. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 16 12-14-10 StockCharts.com S&P 500 SPDRs (SPY) 1 pt/box; 1 box reversal chart - daily

17. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 17 12-14-10 SPY 2 pt. bare - missing S&P 500 SPDRs (SPY) 2 pt/box; 1 box reversal chart - daily StockCharts.com

18. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 18 12-14-10 SPY 3 pt. bare - missing S&P 500 SPDRs (SPY) 3 pt/box; 1 box reversal chart - daily StockCharts.com

19. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 19 12-14-10 SPY 3 pt. - 1 ma - missing S&P 500 SPDRs (SPY) 3 pt/box; 1 box reversal chart - daily -- 10-column moving average StockCharts.com

20. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 20 12-14-10 StockCharts.com S&P 500 SPDRs (SPY) P&F Pattern: Ascending Triple Top Breakout - Daily 3 pts/box, 1 box reversal chart -- 10-column moving average -- 20-column moving average

21. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 21 12-14-10 StockCharts.com S&P 500 SPDRs (SPY) P&F Pattern: Ascending Triple Top Breakout - Daily 3 pts/box, 1 box reversal chart -- 10-column moving average -- 20-column moving average -- 50-column moving average

22. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 22 12-14-10 StockCharts.com S&P 500 SPDRs (SPY) P&F Pattern: High Pole Warning 2 pts/box; 1 box reversal chart - daily -- 10-column moving average -- 20-column moving average -- 50-column moving average

23. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 23 12-14-10 StockCharts.com S&P 500 SPDRs (SPY) 1 pt/box; 1 box reversal chart - daily -- 10-column moving average -- 20-column moving average -- 50-column moving average

24. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 24 12-14-10 StockCharts.com street TRACKS Gold Trust Shares (GLD) 1 pt/box, 1 box reversal chart -- 10-column moving average -- 20-column moving average -- 50-column moving average

25. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 25 12-14-10 StockCharts.com street TRACKS Gold Trust Shares (GLD) P&F Pattern: High Pole Warning 2 pts/box, 1 box reversal chart -- 10-column moving average -- 20-column moving average -- 50-column moving average

26. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 26 12-14-10 Citigroup, Inc. (C) P&F Pattern: Quadruple Top Breakout Average True Range (120) - 1.24 pts/box, 1 box reversal chart StockCharts.com -- 10-column moving average -- 20-column moving average -- 50-column moving average

27. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 27 12-14-10 StockCharts.com United States Oil Fund (USO) Average True Range (120) - 1.68 pts/box, 1 box reversal StockCharts.com -- 10-column moving average -- 20-column moving average -- 50-column moving average

28. MTA Educational Foundation University Course – Technical Analysis of the Financial Markets © 2011 Lecture 2 - Chart Construction This lecture series is produced by the Market Technicians Association Educational Foundation, Inc. Copyright © 2011. All rights are reserved. 28 12-14-10 StockCharts.com Goldman Sachs Group, Inc. (GS) P&F Pattern: Ascending Triple Top Breakout - Daily Average True Range (120) - 5.63 pts/box, 1 box reversal chart Bollinger Bands