Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: felix who wrote (4615)	1/7/1998 10:25:00 PM
From: LastShadow	Read Replies (2) of 120523

Watch List purpose: The watch lists are for stocks that have fundamental, technical and neural analysis indication of positive share price growth in the near future - as early as next day (or a continuation if they are on long/bullish lists) and as far away as 15 trading days (in my case). Shorts watch lists are specifically posted as SHORTS, otherwise Watch Lists are customarily potential buys. What we watch for is indication of price improvement with a volume and buy pattern that indicates accumulation. Entry for me is determined by improved resistance intraday - that is, either the bid/ask spread compresses (bid getting higher) or both move upward for 3 to 6 buys. One can tell this without real time quotes by looking at the 1 or 5 minute charts on some graphic like those provided by quote.com. These charts are delayed by 15 minutes from real time, but pretty useful given the above criteria for stocks trading more than 100,000 shares a day. Similarly, exit is precipitated by leveling of the bid ask and level or decreasing volume as well as lowered ask and/or bid prices - in other words, the chart turns south. If you cannot watch the tick intraday, and I only do to enter and exit, the watch lists narrow the selection of stocks to look at for the daily or 5 minute charts end of day. To determine if a reversal is in place, connect the high on a downtrend in a straight line such that no single day's action crosses the line (this will leave many days not touching the line, of course). The upturn is in place when it clears that line - see WDC chart for easy to draw example (connect high from early Nov at the gap down to about a week ago when the minor reversal started - although it was not sustained). To determine exits using only end-of-day data, plot the same type of line connecting the lows on the way up - when the daily tick flattens or starts down - exit next open. (see the EVI daily chart for example - connect lows from about Mid Aug until hesitation and subsequent reversal started Mid Oct) Email me if this isn't clear. lastshadow

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