Worthy of Slide at MONIKAR seminars.
Textbook! Excellent analysis!
This formula may help for the mathematicians...
FLD
FLD Cover Target= (5-10x)* Close@ pre HUGE Vol Days
Examples as of April 3/2010 on:
GRNO lastHigh .60 so, 5/10x target is $3/6
CDIV last high .71 so, target is $4/7.50
EIGH last high .15 so, target is .75/$1.50
*** note, we need Sustained BIG volume before final targets may be revised.
FLD Cover Target = (5x/10x) * PPS @ pre HUGE Vol Days
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