Friday, October 16, 2009
The MDFI rally of Oct 15, 2009
The long-range chart shows that even at the present $0.0045 level, MDFI is only a shade of its former $0.035 glory. (Like in astrophysics, you operate with orders of magnitude in this Supernova business). The day chart shows that it's quite possible to set up an automated trigger on the basis of combined volume and price gains which would put you on the bandwagon in the later stage of the intra-day rally while having a very high signal to noise ratio -- in other words, the percentage of false starts following such a trigger would be low. The long-range chart confirms the impression -- the vacuum of action in 2009 lasted for months.