May 2011
Intermediate to advanced
464 pages
13h 30m
English
A major feature of the MIDAS curves is that they are fixed starting point moving averages, so every point on an S/R curve captures the sentiment of all the traders who acted since the fixed date of the start of the curve. Extending this concept of including all trades, it makes sense to launch an S and/or R curve from the date of the stock's initial public offering (IPO), a truly unique date in the history of the stock. I have found that keeping such curves on your charts can be very beneficial many years after the IPO.
Figure 2.17 is the monthly bars chart of Vermont Pure Holdings, ticker VPS, since its May 1999 IPO, along with the MIDAS S curve launched at the IPO. You can see the very ...
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