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Marketsmith has been great in pulling up old posts that are most relevant to the current environment. Several attributes stand out on this launch.
1. In 6 days the stock ran more than 32%.
2. October 18th came in with pocket pivot volume.
3. None of the bars of the 6 day run retrace 50% of the previous days thrust up.
4. The 6 day run exhibits rapid acceleration/parabolic action along the lows of the 6 day run.
It would be great if a stock like ARMH shook out in today's correction in a similar manner.
5. RS line makes a new high way ahead of the price.
Abe: Nice analysis; thnx for posting. I agree with you re: the ability to go back and dissect any point in time in a stock's history using MS is awesome. Using it in combo with the numerous charts available in print form from IBD seminars (especially the Chart Book from Level III). Like you, I would love to see ARMH (or anything else) start moving this market back up and act a little parabolic! Brad
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