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Strategies & Market Trends : TA-Quotes Plus

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To: Sam Cohen who wrote (104)11/28/1996 10:33:00 AM
From: Derek Barkalow   of 11149
 
All: Here's a scan to take advantage of the season. The phenomenon of overdone tax-selling can particularly create value candidates moving into January. I will use the following scan to ID *candidates* for additional analysis for potential purchase. Best value I ever picked up in December was IMCL several years ago at $0.25. Sold later for $14. Haven't repeated that recently but I did capture profits from SDII and PNTC purchased Dec. '95. This will be the first year I've attempted to mechanize the search process with the following QP scan.
Will update on success, modifications.

Derek

// Run this scan after Thanksgiving. Finds the year's losers and those
// that were especially dumped today, possibly for tax loss selling
// may find value-bounce candidates for run up in / into January.

AllGroup

Close(0) < MovAvg(0,150,cl)
Close(0) < Movavg(0,50,cl)
Close(0) < Min(-1,-5,cl) *0.85
Close(0)<=3
AvgVol(0,-29)>=100
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