[isatrader]

From the book it seem clear that you should get in at the breakdown point, not at the highs. I can see the advantage of getting in at the highs mind you. In the book does it state you should get in at he highs or is that something that has come out in further discussions?

I think you've misunderstood. The chart I showed was from a year ago, and I was talking about it being a great example of how a Stage 2 continuation can run. Not a Stage 4 breakdown point, which I think you're referring to.

The trader method is all about getting in at the Stage 2 continuation breakout point (at new highs) in a stock that has consolidated following a strong Stage 2 advance, and is above a strongly rising 30 week MA, and has has a consolidation period that has shown good price and volume action. i.e. the best example of the trader method setup imo, is Mark Minervini’s Volatility Contraction Pattern (VCP) where the price action consolidates with less volatility as it develops and volume dries up, before expanding again on the breakout attempt.

So people following the trader method should be looking at the new highs list, and not patterns that are recovering in Stage 1 after Stage 4 declines. i.e the chart on the right below, as taken from the book, and not the investor entry point as shown on the left.