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dforant1c1
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Posted on: Feb 3, 2004 - 1:31pm
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What's your limit for a breakout to be considered "confirmed" over the breakout price before the close? Is it $.12 for example, Volume % ?
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dan.chapmano3
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Posted on: Feb 4, 2004 - 8:38pm
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The breakout price depends on the location of the resistance center
and the width of the resistance band. It does not get calculated
on a straight %.
You can look at the 1-5 day intraday chart for volume confirmation.
This may prevent false breakouts. (Just my opinion).
We will be making some major updates to the indicator accuracies,
support/resistance recognition, and a new and improved overall summary indicator to be released early march (or sooner).
Thanks,
Dan
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