Quote Originally Posted by Harry View Post
Mike,

Thank you for the informative reply!

If you have time, I also have a MEM question. On Friday you posted "Today with the close in the upper part of the range qualifies as a day-1 rally attempt, the earliest follow-through day is day 4 rally count or next Wednesday. Once in a blue moon we get day-3 follow-through days if all three days make big moves up."

Is "big moves up" a subjective call by Bill O'Neil or is it defined somewhere? I'm assuming both Monday & Tuesday moves were not "big" enough, correct?

I cannot express my gratitude for you taking the time to help educate myself and others.

Harry
Harry
I don't have a definition of 3-day FTD. They are too rare to do a lot of back testing. Something like three days with each day up 1.25% or so closing near the top of the range with at least one of the days in high volume.

I am away from my tools traveling in New Mexico not able to look at charts right now to make any judgement calls on the current market.