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Strategies & Market Trends : TA- Scans and System Tests

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To: Richard Estes who wrote (592)5/25/1997 9:32:00 AM
From: Rob Kipp   of 989
 
Richard,

Question: doing a BBB scan in Q+, getting same (almost) stocks as you do, my question is, how do you effectively use this scan?

For example, (FM) 14.75 0.75 FOODMAKER INC has been showing up on BBB for a week now. I keep watching it for a pull-back but it keeps going up. Their are plenty of others, just happened to pick this one.

I keep thinking it will give an entry point, but "jumping aboard" seems like the only way to get into a stock that for now, defies gravity.

Your thoughts would be appreciated,
Thanks,
Rob
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