[pcabc]

How I was judging it was on the 3 month closing price made on Friday at 9.30, as the October high was 9.28 according to the stockcharts chart. So the reason I chose to ignore the September high and daily closing high, was that it was blow off move after a long Stage 2 run and actually had a strong down week on that week. So I believe the the last three month of tops, of which there were five were more significant for the initial continuation breakout level, and close above those five tops was the breakout level imo.

So technically yes, the September high is the main breakout level, but I believe it's a less significant one than the other slightly lower more recent highs for the entry point to watch for. As they are much more closely grouped.

I think I may have been sticking too closely to the output of my database and not looking at the shorter term trends in the chart, noting that the longer breakouts are more significant.

What I have noticed is that if we look at a similar stock you seem to be a day or two ahead. So if I am a 3-5% (or worse) too late then that puts me in a worse position of the stock does not work out or at a significantly worse gain if it proves mediocre. Perhaps I'm putting myself at a disadvantage of several percent due to too high a breakout level and that is compounding resulting in poorer overall results?

See the attached 2% point and figure chart for a clearer example of what I mean as shows a clear view of the breakout level that formed over the last three months.

I've near really got P&F charts, but yes, there is a clear level from 9.09 to 9.27.