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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (17178)12/10/2001 10:36:04 PM
From: Triffin  Read Replies (3) of 19633
 
Thanks Tom ..

For tomorrow ..

EMLX as a SS play

Just an FYI .. I run an EOD scan using SI's
advanced screener to id issues in an extreme
overbought/oversold condition ( hopefully ) to
id some potential contra-trend plays for 1-3 days
max duration .. I use it as a 'sell strength'/'buy
weakness' method for 'short term' plays .. though it
also helps to take the trades in the same direction
as the general market ..

If anyone is interested in the screening parameters ..

For buys ..

Close>25
5 DA MA<15 DA MA
10 DA AV VOL > 800,000
MACD < (1.50)
W%R<5

For Sells ..

as above except
5 DA MA>15 DA MA
MACD>1.50
W%R>95

Like anything in the 'realm' of "Mechanical Investing"
This approach to trading works .. except when it doesn't .. <gg>

Jim in Ct ..
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