"a few hundred examples of stocks that fell 80% or more and run them through the research process. I'll come up with a system for them."
DDDDDDDDDOOOOOOOGOOOOOOOOOOOOOUUUUUUUUUUUUUGGGGGGGGGGGG!!!!!!!
Don't you ever sleep?
Inasmuch as APM is, in esse, a failed MIMBO, maybe you could also try the long down trendline you use to confirm the BO, and see if, tweaked properly, it gives you a clue. I assume you're using the line from the pre-collapse high to the spike peak of 7/16 to determine a short-term goal of 20; if you go back four business days (7/9?), which I would take to have been an initial, pre-retest (BO on volume) buy signal, you get an altogether different line, of course. The one I see, just eyeballing the chart, takes you to support at somewhat lower than was actually achieved on this "80 percent" signal day. If I'm even remotely correct, Friday, though a magnificent time to have bought, would not have been a buy signal.
Ivan
PS: I just don't see the point of comparing a collapse like APM's to the PGDCEB. As you were the first to point out, it's the gap itself that makes the whole difference. When you say it signaled the same way as a cat, aren't you just saying that it showed a form of exhaustion bottom with an intraday blowoff and recovery offering a possible clue to further research? As co-keeper of the cattery, I defend my felines from bootless comparison. |
