TASR...was that the blow off top?

Quote from Babak:

Interesting. Let me see if I understand. What you are saying is look at some different MAs then calc the difference between each of them and the price. So far, I follow you.

How do you get % from that? Do you take the number (sum of 3 differences from MA and price) and then divide by the the current price? or is it something else?

thks
More...

As I said, you calculate the differences and add them up. If the price is at 23 and the 17 is at 20, that's 15%. If the 50 is at 15, that's around 50%. If the 200 is at 12, that's around 100%. Total, 165. It's nothing complicated; just a measure of over-extension.
 
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