Reader Quentin also asked to see the indicators on Alaska Air Group, Inc. (NYSE: ALK) yesterday. Man, Quentin in needy! Still, I have come through for him. It’s a pleasure to see how well the indicators do. In general, I plan to feature 1 stock per day, but I thought I’d start us off with several, since Quentin asked so nicely.
As with all these posts, no funny business… I just pull up the appropriate volume chart for its 30-day average daily volume, and put the same set of indicators (exact same settings) on the chart. I show the entire trading day. Then I highlight the entries on pullbacks to the averages when the paintbar and the volume pressure agree. Then I blindly exit the whole position the first bar that the volume pressure changes color. Is this the ideal way to trade? Not by a longshot. But, it’s fairly unambiguous, and shows off how nice my elite series indicators are on stocks.
I hope you agree!
Of the three stocks posted today, this had the fewest trades. 2 wins and 1 loss, net gain of $0.45 per share.
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| ALK |  |  |  |
August 21st, 2008 at 6:25 pm
Thanks Rich ! I must say I am impressed with the results on the 3 stocks I asked to see you post with your indicators.