Hi frint_inv,
I also would like to welcome you to this group. Unlike you and WEagle, I come an accounting background, however, that does mean we like to have things precise even in our everyday life.
In regard to the 45° line, two rules apply. First, your expected 100% mark-up or more has been reached (depending on the length of the base) and second, the volume must have increased to the point that it shows that the public has fallen in love with it. Of course, unfortunately, there are always a few exceptions. This is where we all learn what to do from our own experiences.
The very first rule of Ted was that if you buy with the right formation, never sell at a loss. I have had stocks that went negative for some time before it changed, and I was able to sell for over 200% profit.
Once again, welcome, and never be afraid to ask questions.
I2000 |
