Wart,<p><br>
It continues to appear that compression bottoms are still the hot spots. Your scan includes a good amount of them...ZICA fits the bill. <br><br>
One particular chart that exhibits a decent compression bottom here is DCLK. Volume's not there yet but that would be the thing to watch for.<br><br>
I still contend that although scans can be very useful, the fact that something has to have already happened in order for a chart to hit tends to reduce reward and increase risk.<br><br>
Breakouts have been getting hammered for about a month now. I've said before..."When the chart looks scariest but the TA and trendline profiles show there's little or nothing to be afraid of....buy." <br><br>
"Buy high, sell higher" has NOT been the best strategy for a few months now. Buy low, sell high has been as consistent as always. From your scan hits, focus on stocks that are low. Find low prices with stuff like a 13,25,2 SMI above the bullish threshold, supportive volume, good 13,8,8 and 4,3,2 activity, proper 13/3 CCI activity, positive RSI divergence or even "bite-up" stuff on the short term stuff with intermediate-term stuff threatening to move up from a low while long-term stuff (like the 233 dCCI) is either on support or about to break back over resistance....on volume.<br><br>
It's always the same things.<p><br>
Doug R |
