Hi,

The PPD chart shows it was in a trading range since July 17. If I'd been interested in this company, and trading by what the chart told me, I would have been watching for a Joe Ross-style trading range breakout. This breakout happened on Friday, and a good buy would have been at 34 1/2. If I'd bought at 34 1/2 I'd have my stoploss at 32 1/2, and I'd be planning to move my stoploss up as new support was established.

Now, what was wrong or not-doable about what I just wrote? I paper-traded PPD purely as a chart-reader would, by looking at what it was actually doing rather than by trying to predict what it would do. I placed my stoploss by looking at the previous support areas, as shown on the chart.

What do ye think?

Best,

-Boyd