RE: Watchlist - Investor method
I noticed a stock on my visual scan tonight that I previously marked up in the old thread on t2w a few months back on the week of it's Stage 2A breakout here: http://www.trade2win.com/boards/technica...ost2073934.
Man Group (EMG.L) moved into early Stage 2A in early February and quickly made a swing high around the previous resistance from the early 2012 lows. It then pulled back for seven weeks to the 30 week MA and reversed strongly over the last four weeks, and last week made a continuation move above the February swing high.
Relative performance versus the S&P 500 is strong and rising and the cumulative volume is picking up. It's technical attributes moved up one this week also from 7 to a maximum of 8 out of 8 score as the 10 week MA turned up. So it looks promising currently and the next technical resistance from early 2012 is at 152.80. Attached is the charts.
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.