RE: UK Stocks - Watchlist and Discussion (Premium)
Quote:No, ITR is not the pattern from the Uncovering exceptional winners chapter. The exceptional volume increase needs to begin on the Stage 2A breakout week.I think I'll have to re-read that chapter and be more pessimistic as I keep spotting glitches and wondering if they fit the pattern. I'll calibrate myself a little.
Quote:...So imo, it's more likely close to the end of it's Stage 2 run, as heavy volume and a parabolic move after a long Stage 2 advance is often a warning sign that's it's nearing exhaustion. So be careful with this one as it's over 58% above it's 30 week MA.
I did not find parabolic moves mentioned in the book. A bit of googling helped. Thank you. I avoided ITR.