The image below shows recent breakouts and how well they are working.
[ATTACH=CONFIG]14742[/ATTACH]
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The image below shows recent breakouts and how well they are working.
[ATTACH=CONFIG]14742[/ATTACH]
Mike; How did you determine the BO points for QQQ, QLD, TNA, TLT?
Thank you.
Best regards,
Robert
[QUOTE=brrim;22801]Mike; How did you determine the BO points for QQQ, QLD, TNA, TLT?
Thank you.
Best regards,
Robert[/QUOTE]
Robert,
For QQQ, QLD and TNA I used the close price on the day of the follow-through day. On TLT I used a cup and handle buy point with breakout on 5/30/12. I am tracking the first three because I want to monitor how CANSLIM stocks are performing vs. alternative investments. If these are beating CANSLIM choices I may conclude that we are having a junk off the bottom rally for example. If so I might move money into one of them. I am monitoring TLT because it is odd (current era) to see a CANSLIM rally at the same time as a bond rally.