A quick follow-up from yesterday …
Small signs of life were continued yesterday but on low volume levels.
Also, big news on our side is that the programmers finally completed their de-bugging process with the OVIcopilot v2.0. De-bugging is a process where different programming languages have to match identically in terms of the results they yield. Often it’s tiny matters such as the way in which a program rounds numbers. Very fiddly but an essential process, and one that serves as a programmatical audit, which is actually very worthwhile.
What that all means is that the OVIcopilot v2.0 will be switched on next week.
In today’s video I talk about a pattern that’s served me very well over the years, and one that I’ll be making available to you soon. It’s the “Post Earnings Gap Up”. This is essentially a bull flag after a gap up following earnings, so it’s part of the bull flag family. But for whatever reason I’d never specifically filtered for the post earnings pattern. Well, that’s about to change.
In today’s video I run through a few of these patterns – not necessarily post-earnings specifically – but just to show you how they can look. It goes without saying that you do want a sustained positive OVI reading during the consolidation phase in order to increase the odds of a successful and profitable breakout. That’s what the stats tell us.