QUIL?
Doug,
Forgive me, as I'm trying forever to cheapen your original concepts to a maudlin mendacity ...
But:
It occurred to me that the IL/ACT was such a valuable pair that they could be transliterated to uptrend lines that weren't nearly so accelerative/their corresponding channel lines above. Whenever I see a well-established channel, such as with stocks like LNCR or HBOC, I try to use the longest available uptrend that delineates the channel, regardless of acceleration, then use your rules for drawing an IL to draw an upper line, which I hereby 'umbly offer as the QUasiIL, or QUIL, to establish an ascending series of exit/shorting points.
A work in progress, but I thought, who knows, it might be of use even at this point.
Right now, for example, using the admittedly far-removed points of 4/2 and 10/25, I would say that HBOC is rapidly becoming something of a QUIL violator, one which I will short as a paper trade, live here and in public for every butchered up bizarre-o who wants to quilequivocate at some future point.
Ivan
PS: YOU HAD A HELL-LL-LL OF A NERVE NOT CALLING MY BROKER AND GETTING ME OUT OF AMLN WITH A 20% GAIN. |
