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Strategies & Market Trends : Technical Analysis - Beginners

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To: Jay k. who wrote (50)9/24/1996 11:15:00 PM
From: Peter Filiberto   of 12039
 
Hello Jay,

The Richard's BBB scan was the first scan I installed in TC2000 about a year ago in October. What I have found is while some are ready to move right now, others bear watching. Look for price stablization, or some retracement, along with volume contraction. Now check moving averages, and look at a 7/3/10 stochastic to see whether the stock is oversold. This is a very delicate point, because stocks can also fall from this point. this was the case during June and July. Market direction is important to watch!!. Save the BBB candidates in a watchlist and watch them to see where the charts go, and what the indicators are doing. This takes time and dedication, but with practice you'll catch on. I am not proficient by any means - and stock selection is only part of the game. What you do with your winner and more importantly what you do with your losers is most important.

Peter
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