I have a thought about breakouts. Do to the fact that we see so many false breakouts from time to time, I was wondering if this may work as a strategy: Wait and see if the stock is going to close above its breakout point and then buy in. I am going to look at some recent breakouts and see how the ones that held the BO point did the days after, compared to the ones that closed below it. For the ones on this board without margin, buying a breakout, only to sell it later in the day ties up those funds for 3 days, so I thought this might cut back on the number of times we buy false BO's. I know you might spend a little more to get in, and some may actually go to high to get in, but maybe safer is better, at least to non-margin players.
Any thoughts??
