Hi Mike,

I thought the overall failure rate of all FTD's (regardless of DD's) was around 60-65%.

Last Th, Jun 21's DD would have been a d4 DD.

The high failure rate stats you cite for DD's on d1, d2, and d3 are certainly consistent with everything I heave read or heard on the subject from you and others (e.g. Minervini, Zanger, etc)...

But, mathematically, a 30% failure rate relating to a d4 or d5 DD would actually be much better than the *average* FTD.

30% seems too high to me, I would have guessed d4 or d5 DD would lead to something like a 70-75% failure rate?

Assuming 30% is the correct number, what am I missing?

Thanks,

Shawn