No. of Recommendations: 1

BarChart posts its 'Chart of the Day'. We should do the same. So, here goes.

HD got smashed down today on disappointing earnings, or whatever. (I only glanced at the headlines.) I like HD and shop there. But would I have owned the stock? That's the real question. Here's its chart using our format.

Yesterday, 11/18, BC flagged the day as the high for a 2-month look-back done with daily bars. Per the single-confirmation rule set, an investor (or trader) would be long the stock, for having gotten in 10/07. Today, he or she would have been slammed hard and given back all of those gains *if" he/she hadn't been trailing a stop.

The investor who used a double-confirmation entry, but single-signal exit based on StochRSI, would have been out at the open on 10/24 and would have locked in a nice gain. But here's the trading problem. Once StochRSI bottomed out Nov 4 thru 11 and then broke again above 0.20 on 11/12, would our trader have gotten back in at the open on 11/13?

Our rule set doesn't yet cover that situation.

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