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Strategies & Market Trends : TA- Scans and System Tests

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To: Rob Kipp who wrote (636)6/7/1997 12:38:00 PM
From: Richard Estes   of 989
 
The Scans are first to alert people to stocks on the move. Too often this is missed by those that are following 20-200 stocks. It gives someone stocks to add to ttheir database.

I believe in each one having a trusted system that they can see where these stocks stand in terms of buy and sell. a Slide show look allows you to cull the candidates that need more time before next buy. They are usually all strong or high stocks, that is what I feel are the stocks to trade. If your trusted system is set to bottom fish you won't find them here.

Cooper is a breakout scan, it is set for the short term trade, quick profit and out. then after a pullback you might come back in again. Cooper was a wake up.

BBB is bringing in volume and movement in stocks near, or at,or over their 52 week high. If you tracked BBB you would see stocks that come out on the list for the past many months, over and over, as movement and volume come into play in their cycles. Usually this is not first time on list. Dahl ought to be postive on them. I rarely look at stochrsi. CCI(13) points for me are +200 and -150. usually if you are at +200 then you should wait for a return to 0 level.

I slide show them thru templates that let me know if entry is now, or how long I predict before buy comes. If a stock is worthy of trade in my view it is going to announce itself in these scans.
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