The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Matt G. who wrote (15921)	5/1/1998 12:46:00 AM
From: Doug R	Read Replies (1) of 79429

Matt, I go through the list of 1200 (now 1201 with David's last suggestion) over the weekend and develop the weekly "volume watch" list from there. Since late Feb. the volume watch list grew from nearly 30 to over 100 stocks 2 weekends ago. So I don't watch 1200 per day. I try to keep it to 85. The 1200 is kept on Investor Insight. I do a visual scan of them to recognize bullish formations or ridiculous lows. I can inspect about 100 charts in 12 minutes so it's a 3 hour job to develop the volume watch list. I download that list every 15 or 20 mins. during the week and just look for stocks trading close to or greater than their 3 month avg. daily volume early in the day. When I see one that is starting to move on volume, I'll load it into Parity and do a TA as fast as my fingers will go while I'm dialing my broker (he likes to hear from me). Investor Insight is 15 mins. delayed so sometimes I miss 'em but not very often. Other times I catch a technical breakout while running TA's late at night and I'll just haul off and buy it at the open for a quick trade. Those are the ones that really get to my broker....heheheh. Doug R

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