Showing posts with label bottom. Show all posts
Showing posts with label bottom. Show all posts
Tuesday, August 25, 2015
How to Learn Stock Chart Analysis
TRENDLINES -- or, remember Newton's First Law of Physics? '...an object in motion tends to stay in motion with the same speed and in the same direction unless acted upon by an unbalanced force.' Stock prices tend to follow short- and long-term trends. Look at the image of the chart next to this step. Which direction do you think the 'trend' is? Right, it looks like it's going up. If you can draw a line connecting three or more of the tips of the chart bars together, that can show the trend direction. Try it (yes, physically draw on paper!) on some charts you can find online for free, like at StockCharts.com. Remember, you have to be able to connect 3 or more bar tips!
CHANNELS -- If you draw a trendline on the top tips and bottom tips of chart bars and they form more-or-less parallel lines, this is called a channel. Stock prices tend to stay within channels, for a period of time. See the channel in the picture? If you extend those lines to the right, you may be able to predict what range the stock price may stay within for the immediate future. There are other neat things you can do with channels. Many times, if the stock price crosses over an upper or lower line, it may just be 'breaking out' of that channel and heading further in that direction! Draw some channels on your charts and see if that's what eventually happened.
SUPPORT AND RESISTANCE -- I have expanded the previous chart to the left, to show a longer-term view. Again, drawing horizontal lines that connect 3 or more bar tips, I have drawn a red support line and a green resistance line. 'Support' means that stock buyers tend to buy when it gets to that price (supporting any more downward movement) and 'resistance' means that stock sellers tend to sell when it gets to that price (resisting any more upward movement, see?). See how the price 'tested' the resistance line a couple times, crossed it a couple times unsuccessfully, and then finally broke up through it? This happens ALL THE TIME. Draw some support and resistance lines on some charts and see for yourself!
MEGAPHONE -- Many times, the upper and lower channel lines you draw will not be parallel. When the lines are broadening, that's called a 'megaphone' pattern. This suggests growing disagreement among the buyers and sellers as to what is a good price. Generally, if this happens after an uptrend, the likely next move is downward. Find some charts with this pattern and see what happened.
TRIANGLES -- Again, if the upper and lower trendlines are not parallel, and are narrowing, this is called a 'triangle' pattern. Obviously, the price will not continue narrowing indefinitely until it hits the apex of the triangle and then stop moving. We can sometimes predict what will happen when this pattern occurs. 'Ascending triangles', where the upper line is horizontal, signal a possible move up through the upper line. 'Descending triangles', where the lower line is horizontal, signal a possible move down. And a 'symmetrical triangle', where neither line is horizontal, well... this one could go either way!
Saturday, August 22, 2015
How to Change a Savage Model 110 Stock
Lay a towel or a cloth on your work area to prevent scratching your Savage 110.
Check to make sure that your rifle is not loaded. Remember gun safety rules, and even though your rifle is not loaded, do not let the barrel point towards yourself or others.
Lay the rifle on the towel. Turn the rifle so that the bottom is facing up, and the sights (if present) are laying on the towel.
Remove the hex screw on the forearm of the rifle. It would normally be positioned on the bottom of the rifle, but because the rifle is upside-down, it will be facing up. Use the appropriate size Allen wrench, as different year models of the Savage 110 may have different screw sizes and tolerances. As the hex screws are removed, pay very close attention to which hole they came out of. The hex screws are not interchangeable, and must be replaced in the same location.
Remove the hex screw from the front (towards the barrel) of the trigger guard. Leave the hex screw at the rear of the trigger guard in place.
Remove the rifle stock. It will pull off easily in one piece, with the trigger guard attached.
Remove the hex screw at the rear of the trigger guard, and remove the trigger guard. Some replacement stocks come with a new trigger guard, but if yours does not, then you will be re-installing yours on the new stock.
Place either your existing or new trigger guard in place on the new stock. Using either the hex screw you had removed from the rear of the trigger guard--or the new one supplied with a new trigger guard--screw the rear hex screw of the trigger guard into place until the screw is seated snugly. Do not over-tighten any of the hex screws.
Place the replacement stock in position on the metal body of the rifle.
Using either the hex screw you had removed from the front of the trigger guard, or the new one supplied with a new trigger guard, screw the front hex screw of the trigger guard into place until the screw is seated snugly. This screw pulls the new stock and the metal body of the rifle together.
Take the hex screw that was removed from the forearm of the rifle. Position it in place, and screw it in until it is snug. Your new Savage 110 stock in now attached.
Sunday, August 16, 2015
How to Trim Dead Flowers From Stock Plants
Wait until the flowers on your stock plant begin to wilt and die. The flowers are on a single stalk and will begin to die from the bottom up. As they die completely, the flowers will naturally drop off.
Trim the flower stalk from the stock plant with sharp hand pruners or snips.
Cut the stalk as close to the base of the stock plant as possible. This directs the energy of the plant to producing a new flowering stalk instead of trying to maintain the dying flower stalk.
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