[miche]

I backtested on the charts - really cool idea that Fishhook setup. Thanks! 

Yeah I guess with OIH I was thinking as a long term investment since energy is cheap. Good point I'd want to stay away from a multi year decline. LOL I see your point re charts that run from the top left to the bottom right. I compared this to AMZN    cheers!

I posted about $SONO earlier in the day on the US stocks thread. But though I'd share it here as it is a great example of what we were talking about. Note how it only had a small Stage 4 decline before developing a large Stage 1 base. See how the bulk of the weekly chart is in Stage 1 range. This type of base is what you want to see with a contraction in volatility near the top of the right hand side of the chart above the 30 week moving average, before it breaks out into Stage 2A on massive volume and RS at new highs. These are the A+ characteristics that we talk about in the method, and although it could still fail, the strong characteristics give a higher probability of it advancing into Stage 2. 

Oh wow! I see the strenth since it\'s been above to 30MA for a good amount of time and a pretty small stage 4. How would you catch that breakout ahead of time? Would you look at after hours trading? I seem to keep missing out and of course want to minimize risk. Thanks!