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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Tom McIlwain who wrote (1809)4/3/2001 11:01:06 PM
From: Davy Crockett  Read Replies (1) of 5144
 
Hey Tom,

I just reread your post (again) <g>
That's excellent idea One scan I do each night is to show all stocks on the TSE with decent volume that are making 10 week highs. By running this on a regular basis I can see which sectors and stocks are starting to show strength and hopefully catch them early

Will Chartsmart let you configure various moving averages (ie: for very short term moves I like to use a combination of the 4, 9, 18 day ema... and the 5 & 21 day ema for (slightly longer term moves) & of course the 10, 50, 200 day ema or simple moving average?

Another scan that I use to play with but found it too time consuming was based on the Ted Carter methodology (circa 1988/89)...ie: Watch/buy stocks based on price/volume movement that hit certain percentages based on daily moves, keeping in mind the stocks 52 week high & low. The assumption that Carter makes is "When a stock begins a solid bull run, it is anticipated that it will eventually make new highs." Therefore, you only want to buy/watch "stocks that have the potential to make 50%-100% gains...ie: the difference between the price you pay & the 52-week high must allow you to earn a % in this range"

Quotes are from his book "Successful Stock Market Speculation" ISBN # 0-9695295-1-1

Very interesting:)

Regards,
Peter
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