Classic example of how we approximate trades and illustrate well our mantra of always buying the first break of the base (in this example base broke at 11 and was a buy anywhere to 11.2). As you know base and break set-ups are often 1 point under the alert on stocks that range from $40-$80 but it's rare to see such a low-priced stock set-up so well 1 point under the alert.
This demonstrates that the speculative juices are still alive and well in the current bear market rally. In a bull market when dogs start to run it usually is a toppish indicator. However, in a bear market the reverse is true: risk-avid behavior is coming back into the market and that's a good thing if you're a bull. We'll have to see if this type of action continues past the end of quarter window.
