Jon Westbay
5.7K posts

Jon Westbay
@jonwestbay
I trade stocks. And I have a great wife.
Nipomo, CA Katılım Haziran 2009
76 Takip Edilen2.9K Takipçiler

@danshep55 I was thinking maybe a gap up and fade. Bulls be like, f**k uuuuu buddday!
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@Braczyy Are you using the 50 day ATR to come up with your ATR calculation?
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Many people been reached out asking about parabolics on $SNDK $MU $INTC etc.
Here is a small database I did a while back studying some prior big cap parabolic reversals. Studied their ATR multiples from 50MA the day before the peak as well as the % extension above specific moving averages
ATR multiples above the 50MA from @jfsrev beat simple percent gains because they adjust for the stock's unique volatility. That is what I like to focus on the most. Helps reveal true overextensions in parabolic moves that just straight up percentages often mislead imo.
The average ATR multiple above 50MA on these listed is 17x and that is BEFORE the climax day, some have hit highs of 25-30x the day they peak.
$SNDK is only sitting at 11.35x as of the close, notably below the average. It also is below average for all of the % above MA readings besides 200ma.
These names can get much more extreme than you think. You need strict criteria for these setups or it's a waste of time.

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@Braczyy I've never looked at this ticker as a parabolic short, but it's hard not to at this point
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@OddStockTrader lol I was looking for the GIF but couldn't find it
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@RealSimpleAriel I’m sitting here like, which one do I choose for the parabolic short move?
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@nut_history When he’s healthy he’s the best. So many good starts derailed by injuries
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I know it's still very early, but Mike Trout has been healthy this year and he's been one of the best offensive players in #mlb
Is he a first ballot hall of famer in your mind? No, this is not bait, you should see how many people who don't believe he is
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@RealSimpleAriel In 2008 oil topped out around 130. When it unwound, the market soon followed. But then again, economic conditions were much different
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You know what would be a mental mind bender for all of us? If the market $QQQ $SPY pulled back with $USO $CL_F Crude oil.
It almost seems like 100% consensus that the market goes higher once crude comes lower.
But what if it doesn't for a few weeks?
That correlation would definitely F with a few bulls.
@alphacharts365 @dennisc230 thoughts?
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@1Nicdar I'll never forget the '54 race. That big turn ended Doc Hudson't career
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