Myst: Re BRCM
I have the very same settings as your X-Dev, 18,2,40,40,6,2 and the same starting date, same amount. (In fact I used your settings when you had shown it previously.) This is how I have read it. On 3-8, it closed at 39.71. The cash value went to $.27and I considered that 100 % invested, since there was not enough money to buy one share. Then on 3-9, it closed at 39.22, on 3-10, closed 38.61, and on 3-11 closed at 38.00. All three of these are below the 39.71 when it went to basically -0-, so I considered that a 3 day rule. Where am I missing this?
You mentioned $38.53 in your post, but I can't reconcile that with anything I am looking at. I even looked at the last blue triangle on the chart, on 2-5 and the close there was 38.23, to see if it meant to go to the last blue buy signal rather than the current stage of going to basically -0- and a 100% invested position on 3-8. It did not throw up a blue triangle on 3-8 because there was not enough money to make a buy when it hit the blue line.(Or that is the assumption I made, since it hit the blue line.) Do I need to go back to 2-5 and use that instead of the 3-8 close to look for the 3 days under that price? I am short BRCM and was watching the 3 day to see if it told me that it was going to continue down. I got nailed by my own misinterpretation of this 3 day rule last summer in another stock and I am still trying to learn. Last summer, I was using the LOW, not the CLOSE to read the chart and I learned by that mistake. What am I missing this time? I know it looks like I am being difficult (I am not, just trying to understand what I am reading compared to yours), but I am missing a little nuance somewhere. I appreciate your help -- with this additional information, do you see where I am reading this thing wrong?
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