| daily range |
The difference between the high and low during one
trading day.
|
|
| descending triangle |
The descending triangle chart pattern is also referred
to as a "right-angle" triangle. The descending
triangle shows two converging trendlines. The bottom
trendline is horizontal and the top trendline slopes
downward. The pattern illustrates lows occurring at
a constant price level, with highs moving constantly
lower. (See more information
about the Descending Triangle Pattern).
|
|
| DJIA |
Dow Jones Industrial Average
|
|
| double bottom |
A double bottom is a chart pattern that occurs when
prices form two distinct lows on a chart. A double bottom
is complete, when prices rise above the highest high
of the pattern. (See
more information on the Double Bottom Pattern).
|
|
| double top |
A double top is a chart
pattern that consists of two well-defined, sharp peaks
at approximately the same price level. A double top occurs
when prices are in an uptrend. Prices rise to a resistance
level, retreat, return to the resistance level again before
declining. The pattern is complete when prices decline
below the lowest low in the formation. (See
more information on the Double Top Pattern). |
|
| Dow Jones Industrial
Average |
An index used to gauge
stock market action. It is calculated based on the prices
of the stocks of thirty large and well-established representatives
of American business. |
|
| downtick |
A transaction executed
at a price lower than the preceding transaction in that
security, or a new quote registered at a lower price than
the preceding quote in that security. |
