[theory6453]

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.

Hmmm... ok, thanks for the clarification. I got a little excited there lol.

So, how would you interpret this large pullback on increasing volume? I'm thinking we would still call this a Stage 2A but I guess maybe there's actually a higher percentage now of actually breaking support since the volume is so heavy?

Thoughts?