Make That Change
Look for contracting volatility to signal a possible change in direction.
This can take place over several days, or even in the midst of a pattern setup
in a strong stock.
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11-21-2001
14:44:31
 IDEC Pharmaceuticals (IDPH)
is beginning to pull back from its recent high. IDPH is down 0.77 to 66.69
and is holding a
3-month relative strength ranking of 93 from TradingMarkets.com.
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Note on Friday (the day after the alert) how the narrow range bar forms
inside of Wednesday’s price action after pulling back from its recent high.
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Today, the stock explodes out of the pullback and is up more
than 3 points.
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Look for little things like this when evaluating potential
candidates nightly. The work will pay off.
Until tomorrow,
Duke