Recently, over at the Stockbee site we had a discussion concerning people jumping from one method to the next. Stockbee published some findings on a Kirk Report study, which you can read: 3 Things you can learn from Charles Kirk

This piqued my curiosity so I decided to look back over the past 30 days (give or take a week or so on some stocks) and find every breakout that occurred using the StockBee MDT Break out. Whether you use an exhaustion method, trend based or N-Day Breakout entry signal, many of these would of appeared in your scan.

Hindsight is 20/20, so I attempted to find stocks that offered a reasonable buy opportunity. I reviewed over 2000 stocks with our standard liquidity filter applied: MINV3.1 > 1000. They were absent of heavy volume selling days prior to the breakout. All stocks were within 10% of their 6 month high. I've also left the time-frame at 6 months so you can get more perspective on the entire move. With that said, there are still a few ugly ducklings in the result set.

So, what's the point? Did you catch 20% of these? How about 80% of the "Mona Lisas". These are the stocks with a chart pattern that is such a work of art, you wonder how you could of possibly missed it? If you did not catch them, then why are you looking at other breakout signals? Why haven't you committed to mastering one? I'm right there with you if missed some of those perfect setups. I keeping asking myself "How did I miss that one?!".