Pinoy:Did you short GOOG, BSC etc. on 3/13 instead of the homebuilders (LEN, RYL, HOV) because they had a higher ATR than the homebuilders? They all had nice bear flags so any of them would of worked well.Great trades!
j,I shorted those on 3/13 after break of the lower trendline of the flag.Thanks.
MC: Thanks for your response but what I specifically was asking was if one of the reasons you chose to short GOOG etc. (aside from a break of a trendline) instead of other stocks is because the ATR is larger than other stocks that were also breaking down from trendlines/flags?What I am after is this: if given the choice between 3 stocks that have trendline breaks and higher ATR than 3 stocks that have similar trendline breaks and a little lower ATR would you go with the 3 stocks that have the higher ATR because of the higher ATR or does it matter to you?
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