The most interesting part of the BBB formula, to me, is c>(.85*hhv(c,250)) You're looking for consistently strong stocks, I take it -- and not ones that are turning around after falling to the bottom. I'm not really surprised by this -- O'Neil, Lynch, etc., all say the same thing. But I'm tempted to try your formula without the last part, -- so it's just: (c-(ref(c,-5)))>(.05*(ref(c,-5))) and
v>mov(v,63,s). This way, I wouldn't be ruling out beaten-down NASDAQ stocks and other laggers.A lot of NASDAQ stocks are way off their highs from last year, and that requirement that the price be more than 85% of the highest price in the past year would exclude them.
But I have a feeling you've got good reasons for not doing this. I have a suspicion that the last part of the formula is the linchpin, to avoid stocks that aren't really going anywhere, dead cat bounces, etc. (This board is reining cats and dogs, unlike some, where cats and dogs are reigning.) |
