I guess what I don understand is the volume element – the stock was not in DU recently, so where is lift-off going to come from?
Please understand that I am still learning here and that I am not recommending anyone follow what I am doing. I hope that if I am doing something wrong then the noobs can learn from my mistakes. With the bruno_r buys, I am not necessarily looking for a dryup. The lift-off is coming because of the change from distribution to accumulation, and thus a change in trend. The indicators detect this. I have no idea if it will be a profitable lift-off or not, (BO or FBO) just that I want to be in before it does. Incidentally, I ran this one through Spydertraders latest bruno_r chartscript and was pleased to see that it was indeed a buy yesterday. I have been trying to see these without the chartscripts. Spydertrader, please correct me if I am wrong.