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Strategies & Market Trends : The Market Beacons
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: Magnatizer who wrote (719)4/8/2001 8:50:10 PM
From: Magnatizer  Read Replies (2) of 1298
 
Scan hits

This scan attempts to find stocks/indexes/commodities
which are extended to either the up or downside.

It is based on short term (fast moving) technicals only. NO
FA is involved in the scan hits. These are simply
candidates I use to zero in on trading vehicles.

First column tells if security is a long or short candidate
based on what the scan is looking for.

The second column is the rating I give the hits based on
eye scan of each chart.

Rating is on a 0-4 scale. Rating level is the middle column.

0: Has a very low chance to set proper indicators or bar pattern in the next 2 days.

1: needs dual additional formations (indicator turn and bar pattern)

2: needs one additional formation (indicator turn or bar pattern)

3: Formation is set. Watching for pattern confirmation

4: pattern confirmed. Indicators are set.

The last column looks a bit odd as it is a file with long
extension. The last extension of the file is the key as
it points out which index/sector the stock is from.

Long 1 BAC BANK AMER CORP C:\0MSData\commentaryindices\banks
Long 2 FDX FEDEX CORP C:\0MSData\commentaryindices\djtranys
Long 2 NETA NETWORKS ASSOCS C:\0MSData\commentaryindices\iix
Long 1 BMET BIOMET INC C:\0MSData\commentaryindices\nas100
Long 1 AMD ADVANCED MICRO D C:\0MSData\commentaryindices\sox
Short 3 S 1600 Soybeans C:\0MSData\commentaryindices\crbcontcontract
Short 3 C51600 Corn C:\0MSData\commentaryindices\crbcontcontract
Short 1 JNJ JOHNSON & JOHNSO C:\0MSData\commentaryindices\djindustrials
Short 2 SPLN SPORTSLINE COM I C:\0MSData\commentaryindices\iix
Short 2 MACR MACROMEDIA INC C:\0MSData\commentaryindices\iix
Short 2 ITWO I2 TECHNOLOGIES C:\0MSData\commentaryindices\nas100
Short 2 ROK ROCKWELL INTL CO C:\0MSData\commentaryindices\sp100
Short 2 BDK BLACK & DECKER C C:\0MSData\commentaryindices\sp100
Short 1 GD GENERAL DYNAMICS C:\0MSData\commentaryindices\sp100
Short 2 AGC AMERICAN GEN COR C:\0MSData\commentaryindices\sp100
Short 1 TOT TOTAL FINA ELF S C:\0MSData\commentaryindices\xoi
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