Letters To S&C by Technical Analysis, Inc.
I read with interest Kevin Luo’s article, “Falling in Love, With Trends,” in the June 2016 issue of Technical Analysis of STOCKS & COMMODITIES magazine. I’m trying to reproduce his results and am having difficulty. Usually, that means I’ve made a mistake, so maybe the author can help.
On page 10 of the article, it reads “October 21, 2011” as the date that Exxon-Mobile (XOM) went beyond the 20% measure. A 20% rise from the low on August 9, 2011 (67.03) would be 80.44, according to data from Yahoo! Finance...