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  • biggatorhear biggatorhear Aug 23, 2007 1:47 AM Flag

    Gilligan Sell Signal for RIMM??

    Now let me introduce you to Gilligan's cousin, Fantasy Island. A Fantasy Island sell signal occurs when a stock laps or jumps up above the prior days close but below the prior days high, scores a new 60 day high on the day, but sells off, closing down on the day in the bottom 25% of the range. (For buys, simply reverse the rules). Due to decimalization, the lap required to generate Fantasy Island should be meaningful, not pennies. I typically want to see at least a 50-cent lap.

 
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