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This type of parabolic sweep reminds me of DRYS in 2007.
oh wow, great call Abe, great call. very nice.
Abe, can you explain what is meant by 'parabolic sweep', and how this stock exhibits that? I can't tell what you're referring to by your chart..
A parabolic sweep is the acceleration of the upward trend toward a climaxy finish. It may encompass the entire extent of the run or it may a part of the run. There is oly one mark up on the chart for the sweep ending December 28th. Though the parabolic nature can be seen in a sweep ending on 9/22/09 and on 4/23/10.
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