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: bdog who wrote (21586)	9/23/1998 8:44:00 AM
From: Magnatizer	Read Replies (2) of 79237

bdog and thread here you go. For those not in the know on shark scan, it is a basic scan looking for inside days. A set of three days with the second inside the first and the third inside the second. A few add ins are the third days midpoint is within 22% of the first days midpoint. Shark buys are signaled by having the stocks 50 ma> 200 ma and the stock moved up higher than the high for the first day of the shark formations. A short is just the opposite. A prescan I use looks for stocks trading an average of 250K shares. Keep in mind this is just a scan. I have not done any DD on the stocks, that is up to you, 56ers. If anything looks ripe please feel free to share your thoughts. Shark Scan hits I most likely use different prescan criteria than Brook. 250 K average volume is the main criteria shark buys today IDTC shark buys within last 25 days CBSI CENT FGCI IDTC MRVT TLDCF shark shorts in the past 25 days MCRL PCTY PWAV QMDC TDP bdog, yep Brooke has been on fire lately. Brooke ROCKS. ht david

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