RE: US Stocks - Watchlist and Discussion
(2016-08-07, 11:35 AM)odlareg Wrote: The PXD has nearly reached the top of it's historical range (back to 1993) with this break. So to risky imo. The initial break in PXD to wards 2A was not noticeable in terms of volume. So no good candidate either, imo. There are always better candidates. Sorry, feel i am only being critical.
I think you've missed the point of the post. I'm not recommending any of the stocks as a buy, I'm just highlighting the improving state of these particular sectors, as it's an important part of the Forest to the Trees method.
Also with regards to PXD. It is a US large cap, and so is unlikley to ever show the volume profile that the method looks for, of which has been discussed many times in the past on here.
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.