Allan,
RMDY is interesting here:
siliconinvestor.com
That 10/3 signal, given the way things are going in the cathouse these days, is almost bullet-proof. There were mini-regaps on 9/21, 9/22, and 9/27, it did fall a few ticks lower the day after, and it did, technically signal sell on V+1 on 10/10, but Sheesh, compared to a few cats I know (you still in APCC?), that's Oxbridge behavior.
RMDY is, however, an old-ld-ld cat, and they're tricky things to deal with:
siliconinvestor.com
If you can get a long-term chart that shows the gaps (since most 5-year-type charts blend weeks or months rather than days, that's hard to get), you'd see a kind of IHS pattern with this stock, except it should really be called IHWS, as the gaps, in essence, decapitate the Inverted Head (ergo: Inverted Head Without Shoulders). In my limited experience with such cats, I know them to be perfidious monsters. SGI, however, is the only one I can conjur up at the moment:
siliconinvestor.com
The IHWS is from 1997-99; the break below the neckline is typical and painful to look at, even as a former SGI holder (it was my first cat-play, long and short, sniff-sniff). The big problem with old cats is that they really do have a marked tendency to do $hit like this:
siliconinvestor.com
Ivan |
