Stage 1 - Accumulation Stage 2 - Markup Stage 3 - Distribution Stage 4 - Decline

1A 1 1B 2A 2 2- 2B 2B- 3A 3 3B 4A 4 4- 4B 4B- Neutral 1/3

Very High (>10M) High (1M-10M) Medium (100K-1M) Low (<100K)

Very high (>10M) High (1M–10M) Medium (100K–1M) Low (<100K)

Very high (≥2× avg) High (1.25–2×) Normal (0.75–1.25×) Low (<0.75×)

Excellent (8-10) Very Good (6-7) Good (4-5) Fair (2-3) Poor (0-1)

Positive (vs ~1 week ago) Unchanged Negative

Positive (both TTS momenta) Neutral (one on) Negative (both off) Improving (sum vs ~1 week ago) Declining (sum vs ~1 week ago) Changed → positive (entered both on) Changed → negative (both off, was ≥1)

At ~52w high (within 0.1%) Within 5% of 52w high Within 15% of 52w high Top half of 52w range Top quarter of 52w range Bottom half of 52w range

Mega (≥ $200B) Large ($10B – $200B) Mid ($2B – $10B) Small ($300M – $2B) Micro (< $300M)