forming a nice flat base. If the market can hold then you could be looking at a breakout from this flat base. If volume is there then that is a nice place to add. The market is very long in the tooth and I would like to see a 10% “reset”, but it is what it is.
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EPAM made a run at it today on good volume, but then faded. Would have preferred to see it finish near the highs (if you are a person that uses charts to inform your buys for growth stocks).
EPAM made a run at it today on good volume, but then faded. Would have preferred to see it finish near the highs (if you are a person that uses charts to inform your buys for growth stocks).
Actually, Puddinhead, I couldn’t care less about whether it finished near the highs or not. I buy a company, not one day’s price action. If you look at that chart you linked to, you’ll see about 10 days ago when the price dropped midday all the way down and then bounced back on heavy volume. That was the day after they announced fine earnings. I already had a good position but added about 20% at $62.00 because the sell-off was obviously nonsense. Now it’s at $68.80. I’m sure on the graph, going through all those stops on very heavy volume was a clear “sell” sign. 
Saul
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