Carolyn - To avoid watching unattractive stocks, create a sub-list of stocks you DO want to watch, and scan THAT list. For example,
If you develop a list of criteria, (important step! I can help develop one), then new scan starts with Input="listname.lst". You can even delete the non-A's from the scan list if you wish. The important question is, what criteria do you want to use to isolate the "better" choices? Volume? Volatility? Share price? Increasing indicators? Moving average crossovers? All of the above? What?
I use several. For example I'll take a list from PPP Picks, or IBD RS/ES 70 or more, then take out those not volatile enough, then look for some within 15% of a 8 mo. or 12 mo. high, and look for 10 day pma crossing 20 day pma (up), or OBV (usually the first rising indicator) crossing a moving average, or more recently, MACD, OBV, and Stochastics all having crossed within a three day period. This may not be what YOU want though. What indicators are important to YOU?
-Al |
