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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice Jun 6, 2013 11:48 AM Flag

    The Tombstone Formation BX @ 21.11

    After a Big drop Low Volume Rally move is doubtful,

    No sign of washout, you are singing the blues.

    A Tombstone Formation is described as a quick move up in a few weeks and a slow stock distribution over months.

    Please see this site Big Charts short term graph.

    Historical data indicate that builders of such tombs (stockholders) are generally buried underneath.

    The graph you are seeing is called the Tombstone formation.
    (Source: A strategy of Daily Stock market timing for maximum profit, By Joseph E. Granville)

    It is time for those who are over extended to use PE as “Please Exit”, during this rally.

    Thanks for listening and Good Luck in Your Trading!

    Sincerely,

    Carolyn Novice

 
BX
33.92-0.09(-0.26%)Dec 26 4:02 PMEST

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