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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (7201)	4/6/2005 12:10:36 AM
From: Walkingshadow	of 8752

Yeah.... RSTG was trading at about $5 in November, now well over $30. 139.142.147.218 Notice the wavelike patterns, and the tendency of RSTG to expand the BBs explosively, then allow them to drift back together tightly. I anticipate this will be repeated. So, we may well get another wave of expansion like we saw before, but then I suspect we will again see a prolonged consolidation phase that is mostly sideways. RSTG provides a dramatic example of the "energy" that tends to build up in a very strong stock when the BBs get acutely contracted. This is one of the reasons I closely examine the width of the BBs. In general, the more acutely contracted the BBs, and the longer they are contracted, and the higher the relative strength, the greater the force of the breakout. But note that this sort of thing usually happens in strong stock, not just any stock. So in the above chart, look at the relative strength compared to the Nasdaq 100 (the bottom technical indicator). Now look at this chart. The BBs are not nearly as acutely contracted, but they are indeed contracted. Notice the relative strength compared to the Nasdaq 100: 139.142.147.218 T

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