A reader asked me whether at the end of a major market decline I still look for green line break-outs. Absolutely! After a major decline there are few stocks at all-time highs. That is where the new leaders are. In March of 2009, I spotted GMCR breaking above its green line top to an all-time high. I even posted about it!
Check out this monthly chart of GMCR.
Thanks for responding to my question!