Hi Bill
I played with technical analysis for awhile with QP2 but found that was not for me. But I have used QP2 to help find AIM stocks. Here is the scan:
OUTPUT="AIM.LST";
issuetype=common;
exchange nyse,nasdaq,amex;
DAYSTOLOAD=800;
//IF BETA>1.2 AND
IF MIN(-1,-250,CL)/MAX(-1,-250,CL) < .5 and
MIN(-251,-500,CL)/MAX(-251,-500,CL) < .5 and
MIN(-501,-750,CL)/MAX(-501,-750,CL) < .5 then
//MARKETCAP>200 AND
//EPS1GROWTH>0 AND
//PE>0 AND
//EPS>0 AND
//PRTOSALES<3.1 AND
//EPS1GROWTH>PE AND
//close(0)<20 and
//REV1GROWTH>0 and
//REV3GROWTH>0 THEN
//REV5GROWTH>0 AND
//EPS1GROWTH>0 AND
//EPS3GROWTH>0 THEN
//EPS5GROWTH>0 AND
//MAX(-1,-250,CL)/MAX(-251,-500,CL) > 1 then
//IF CLOSE(0)>=1 AND CLOSE(0)<30 AND
//CLOSE(0)<MIN(-1,-250,CL)*1.05 AND
//MIN(-1,-250,CL)*2<MAX(-1,-250,CL) AND
//INSTHOLD>40 AND
//VOL(0)>25000 AND
//AVGVOL(0,-29)>50000 THEN
println symbol;
ENDIF;
I left in all the other variables that are not part of the scan unless you take out the //, so what you are left with is the basic scan that looks back at three different years and looks for a low that is 50% less than the high. I would like to refine the scan based on my new knowledge gained from the members of this thread and the concept of fair value but time has been short and I have not been looking for new stocks. But I think I will have time in the near future.
BTW there is a scan which looks for the cup and handle pattern so why not a sine wave!!
AIM on
Larry G |
