Cumulative P&F Breakouts - Breakdowns custom Breadth charts
Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.
Totals for the week:
+300 double top breakouts
-278 double bottom breakdowns
+22 net breakouts - breakdowns
Note: On the cumulative chart, the bounce from the recent low turned back down again on Friday, and is now on the cusp of a potential Stage 4 breakdown on the the cumulative chart. So will be watching the net breakouts - breakdowns closely this week to see if that happens or not. But at the moment I'd give it in a Stage 3B-
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.