Friday, October 12, 2007

QXM - "A Perfect 10" Confirmation

(Click On Chart To Enlarge)

On October 10, we looked at the factors that contributed to QXM earning its "Perfect 10" rating. In just three days, QXM confirmed that it was deserving of that rating during a sizzling rally in which the pattern target of 14.59 got MADE (and, more!), for a gain of 36%, just from the breakout.


The gain was 61% if we bought QXM five sessions ago on October 4, at 9.04, on the "perfect re-test" of the Symmetrical Triangle breakout (pattern in purple).


Beautiful, beautiful chart. It took four MONTHS for the pattern to form; only three DAYS for target to get MADE, once it broke out. This is one for the textbooks.


Scores For Technical Merit:


10...10...10...10...10...10

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