[goodtyneguy]

Ive noticed that myself, as some stocks do not have a pullback, and you end up missing the run. Its better for the educated client to make that call.

Weinstein found that 80% of break outs from stage one bases pulled back to the break out level but that figure was less than 50% for break outs of continuation moves in stage 2. Those statistics come from his book "Secrets for Profiting in Bull and Bear Markets" which was published in 1988 if I recall correctly. Whether that still holds true in the modern trading environment is a different matter.

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