RE: Watchlist - Investor method
(2013-03-29, 10:47 AM)Lplate Wrote: PS I see now it is listed as a trader b/o on 4 March http://stageanalysis.net/forum/showthrea...F13#pid101
Thanks for another good post Lplate. Just to clarify for everyone in case it's not clear. The Daily Breakouts and Breakdowns in the S&P 500 thread shows "double top" point and figure breakouts, and so simply measures when a stock has broken above it's most recent swing high, using the traditional point and figure box sizes. And hence the stocks could be in any Stage, and so the list is simply to highlight the breakouts and breakdowns from which to then do further research on to find if any of the days breakouts or breakdowns are suitable Weinstein method candidates.
I've attached a daily chart of Best Buy and the point and figure equivalent that the 4th March signal was produced from. This shows the three double top breakouts since the beginning of the year, and as you can see, it wasn't until the third breakout on 4th March that the 30 week MA turned higher making it suitable for the investor method, and so the early breakouts would have only been suitable for the most aggressive traders, as the 30 week MA was still declining and there was nearby resistance to get through also.
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.