RE: Watchlist - Investor method
(2013-09-15, 07:09 PM)theory6453 Wrote: Not for the faint at heart, but PRGN had a MASSIVE pullback this past week but held against the breakout/support we identified recently. If I'm not mistaken, this is EXACTLY the setup that Stan put forth in the Investor method. The volume is very strong and the MA is still rising. The relative performance obviously took a major move downwards but it's still above the zero line.
Hi theory6453, unfortunately this is not the exact setup for the investor method secondary entry point as described in the book, as the pullback to Stage 2A breakout point should occur more gradually, and most importantly the volume should decrease on the pullback and not increase heavily like this one did.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.