Solar Stocks Making High Tight Flags Woodshedder Mon Jan 28, 2013 7:39am EST 5 Comments And some other non-solar High Tight Flags are below… If you enjoy the content at iBankCoin, please follow us on Twitter 2013-01-28 Woodshedder Share Facebook Twitter LinkedIn
S and P Q1 earnings forecast.
solar sucks! i missed the multi month ramp, 🙂
PACB looks the most interesting – potential takeover target
Woodshedder, once ur screen has narrowed down a series of flags like this..what qualifies them further for you to initiate trades?
Bulkowski waits for a breakout 1 penny above the highest high of the flag pole. As best as I can tell, this is the highest intraday high, and not the closing high.
However, what I really like is waiting for a flag low to be established. Once that low is not broken for 3 days, a trade is established, with a stop just beneath the flag low. At that point you are in the trade and waiting for it to breakout.
Because I am more comfortable trading mean reversion, I like the second method better, but because I have not been able to backtest the first method, I cannot say for sure which one is better. Bulkowski swears by the first method.