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Strategies & Market Trends : Lizard King's Trading Swamp
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To: TATRADER who wrote (6442)4/26/1998 4:08:00 PM
From: shasta23  Read Replies (3) of 7396
 
HI MARK!

HAve read stuff by P.MAtzke either on the MSWIN thread or on TA beginners. Was able to write scan for MSWIN which seems to have easier syntax. Also wrote scan for Q+. When i look at the picks then i don't like the ones that just make a low out of a trading range. I therefore added for my scans the idea that the stock needs to bounce from a 10 day low but must have 3 days of consecutive new lows before that. This way i feel i get closer to the idea that the stock exhausts itself in a sell-off and then rebounces. Otherwise you might simply get a downward spike with a good close(forming a hammer) which is good but not a sign of exhaustion. I hope i could explain what i mean.

stefan
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