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About abe

Member since: 16 Sep 2010
Location: Sausalito
Meetup: Sausalito Investor's Business Daily Meetup

View abe's Blogs

2013 (10)

► May (1)
Week Nineteen
► April (1)
Just closed the last of m...
► February (5)
Pocket pivot at rising 50...
EPS gap down - that sting...
A bit thin but great patt...
LNKD is no GMCR
2nd leg new high, widest ...
► January (3)
Basics look good but the ...
Is AAPL mimicking BA of 1...
Perfect entry blown.

2012 (116)

► December (3)
Price elasticity in a CAN...
Three day to eight day qu...
Six Day Burst to Widest R...
► November (5)
Most optimistic precedent...
4/14/03 IBD 100 Debut: No...
4/14/03 IBD 100 Debut - N...
How did Bill get comforta...
Price, Volume and Duratio...
► September (3)
WWWW looks good here
Pattern Rec - CWH
Open for business
► August (9)
Very powerful
Widest range bar found so...
Nice First Stage Base
largest daily price run u...
Size matters
Base on base
Sell rule 1, Page 263 HTM...
Mortgage Services
Shake out + 3 ?
► July (15)
Last 7 weeks up hasn'...
Closed NCR
Real world 6.9% loss
1-3-1979
Depth less than 17%
To state the obvious.
Lots to look at today
If $2 NOK gets delisted, ...
Someone needs to post on ...
Why I use a 3/4 day accm/...
What's a CAN SLIMer t...
Is there a CAN SLIM buy h...
Gift wrapped back inside ...
What low volume pre-holid...
Measuring call & resp...
► June (8)
Technically speaking, gia...
Actually sold my CERN thi...
9 and 11 week sell offs o...
Hard to ignore
20% in 4 days
Day by day analysis
CAN SLIM - a small group
Brief sell off or start o...
► May (14)
Hard breaks start with qu...
Hard breaks start with qu...
Hard breaks start with qu...
Hard breaks start with qu...
Hard breaks start with qu...
Hard breaks start with qu...
Here is how I read the wa...
As the QQQ undercuts the ...
In May-June of 2011, six ...
Strong eps report & l...
I guess this is why we do...
Handling a powerhouse abo...
3 points connected along ...
Volume dry up in the base
► April (19)
RS line up on a down day
We never know for sure...
Three weeks since the las...
RS Line up on a down day
That was about the easies...
Stutter stepping to new h...
Moving up
ALXN - Definitely a tough...
AZO demonstrates "ti...
Why I use a 4 day w/o acc...
Up against some tough tra...
Where to begin...
MA or V
This one's not quite ...
Popcorn
Thin - Launch from 10 day
Very thin
launch from 50 day
New highs on low volume
► March (22)
16-17 year index consolid...
1978 - 1979 rotation from...
New highs on low volume
Red bar support
Here is the CDNS trade
Stutter stepping to new h...
What late day sell off?
V joining MA in rising of...
Great behavior of LNKD
SLXP getting a little bog...
A gap by any other name.....
TNGO 3/22 heavy volume wa...
Open playbook
Outside the 5% window
A picture of perfect beha...
11 point checklist - Text...
Will LULU today see growi...
is AAPL today the same as...
2nd leg after IPO
Powerful IPO comparison
High failure rate of good...
Interesting even if it...
► February (11)
TDG Launching from 3 week...
Another O'Neil shallo...
19% deep base and pocket ...
QCOR will be very telling
This looks like fun.
Words can't do this j...
I probably sold LNKD too ...
A Difference between SAVE...
Is the HEAVIEST hitter in...
I have been rewarded for ...
Hard kicks to the index?
► January (7)
"Heaviest" volu...
Worth a look.
Even the 15 minute chart ...
possible breakout, shakeo...
ARIA sure was quick out o...
The group rank at CFX loo...
OAS - very interesting he...

2011 (36)

► December (5)
The very best can't f...
VISA RS leads price actio...
S&P hammer meets GOOG...
Nice action LAD.
Daylight. An attribute o...
► November (1)
Not exactly a powerhouse
► October (1)
The Chart Says it All
► September (3)
Here is CSCO's shakeo...
What kind of base is this...
Is BIDU ready to short?
► August (5)
AU Bug
HANS - Leads no. 4 indust...
1966 & 1969 Index'...
Chart Arcade - 10 Rules t...
Volatile trade from the 2...
► July (4)
BIDU at the lows in March...
LULU falling back below u...
Is Citigroup a big ol'...
RS, RS, RS.
► June (2)
How does IBD do it?
Reminiscenses of 1976
► April (5)
IL - some daily analysis
Things are looking up for...
SNDK had some frustration...
Let's see how SNDK ha...
up 20% hold for 8 weeks??
► March (5)
AT&T, MSFT, ORCL and ...
RS against market selling...
Breaking it down.
GMCR - What JDSU could ha...
Staying alive while 180% ...
► February (5)
>2 % extensions at new...
Disecting the J curve.
A taste of success - clos...
Handling domestic oils du...
Handling domestic oils du...
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Volatile trade from the 2000 top after 17mo Bull
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abe's Post
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Comments
bjrad said...
August 14, 2011 at 10:49 AM

Abe,  Could you explain in more detail your observation in February which begins "No retracement of the thrust up off the 50DMA some low vol selling, etc...".  Thanks. Brad

abe said...
August 16, 2011 at 09:33 AM

OK so we are talking about the 4 days that occur starting with the 36M shares on 1/31/00.  The 36 million shares is enough to qualify for "Pocket Pivot" volume.  The next 2 days are up with very little to no overlap/retracement of the 1/31/00 36M share day.  The 3rd day provides follow on accumulation within 3 days.  My rule says hold for 3 more days. Let's walk it up to the top.  Follow on accumulation comes again on 2/8 - hold 3 more days.  Distribution and no accumulation occur during the next 3 days so my rule says sell on 2/11 at 99. - Nab 10% in 2 weeks.   Buy right back on 2/15 with a pocket pivot coming up off the 20 day.  Hold 3 more days.  Follow on accumulation/pocket pivot comes in on 2/17 hold 3 more days.  2/22 is a little tricky. It's a red day but only just barely and a higher low - 2/23 pop up to the highs with the S&P 500 confirms that 2/22 is really follow on accumulation. Same with 2/28 & 2/29- hold 3 days thru 3/2.  3/2 is pure distribution with no accum. within three days. My rule says sell.  Nab 4% gain in 2 weeks.   Next buy is 3/8 with Pocket Pivot - hold 3 days sell on 3/13 distribution with no gain or loss.  Next buy is3/16 pocket pivot, hold 3 days - follow on accum comes in on 3/21 hold 3 more days.  Now it gets a little tricky.  Higher volume comes in blue on 3/24 and the stock closes well off of it's highs. It turns out that this is really distribution from the high at 120.5. Spot that quickly and the 3/28 distribution/close at the low and sell on 3/28 for a 5% gain.  Or miss the 3/24 distribution and hold for 3 days - sell on 3/29 with 2 days distribution and no follow on accum. Nab a 1% gain.  10% + 4% + 1% compounded =15.544% over 9 weeks.  Sharpen up to that 3/28 sale and 5% gain and 10% + 4% + 5% = 20.16% compounded.  These same rules will get you into this chart on 11/3/99 but they will get you clipped on 1/5.

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