The Brains Trust - 2016, page-70

Pils - see how it went sideways there for a couple of months with tops at 18. I actually tried to buy it that day it broke topside and missed it and decided to wait for a correction and then promptly forgot about it. This morning it had another little platform at 20 which looked like it was going to be support. All the EMA's I use are positive. I am finding particularly that I want to see stocks above their 34 ema. That means that there is reasonable chance that they have bounced from a low or at least built some sort of base. I really want to see proof of break of downtrends. Every time I don't stick to this rule, I get slaughtered - as per RVR.

I suppose in this stage of the market where leadership might be changing, the patterns I am looking for will probably change but not ignoring flat tops at 52 week highs.

Just too many patterns of interest today. I hate it when it is like this as I have a horrible habit of picking the wrong ones.