Esteban,
No, I'm not getting worn out, though I think that, between the two of us, we have confused a very simple strategy.
I would guess that ANY extension of the principle is dangerous. If you're taking two days together to form one signal day, it's probably the equivalent of allowing a two-day gap down, which although dramatic and psychologically impactive, does not have the same technical meaning as a gap occurring between 4:00 of Day X and 9:31 of Day Y; they're different phenomena
Let's just act like Paul Reiser in the ATT commercial: One 30-percent gap day, followed by, preferably, a few winks of sinking, which set up a signal day in which on volume higher than the previous three days, a new low is hit intraday, followed by a close above that intraday low, preferably on rising volume. That, and that alone, is a PGDCEB.
At least I zink zo.
Ivan |
