i was using candle stick charts, and drawing for low points to high points after the fall when Einhorn Raised questions, and kept finding, retracements levels, 70% and 90% over and over again. which suggests a weak stock.
retracements levels of 33% to average of 66%. are normal,
so any time i see a pause in the stock advance it looks like a good time to sell,
and buy back at a lower price over and over again. rather than staying long.
maybe if you use line charts you get a different picture since it shows a close for the day
not the low of the day. it also depends where you draw the level from.
since all the standards indicators are lagging indicators. maybe candle stick give you
a more real time picture of what may happen.