Screening for Winners Message Board

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Strategies & Market Trends : Screening for Winners

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To: JZGalt who wrote (25)	3/19/1999 10:34:00 AM
From: paul s.	of 45

JZGalt: "I've always had more luck narrowing my focus on the fundamental side, then looking at the technicals. Personal preference only." I agree it's really just a matter of preference. I'm a short term trader (3days-3weeks) and therefore like to find stocks forming a certain pattern that I have found to be successful (70% of the time). The pattern for me is one of a stock that is down, but is showing good signs of moving up. To answer your question more specifically though, I use the "easyselect" technical trading form to input my criterion, then I chart a list of less than 50 stocks. I use a couple of different criteria and scans but here's the basic one... price between 0 and $10 last closing % increase 1 to 8% last close is within 40% of yearly low 14 day RSI is less than 45 5 day volume average 5% greater than 10% average volume greater than 80K I also use +DM crossing over -DM occasionally by itself I often play with these criteria based on the number of stocks that result...and often find better candidates when I remove all volume criteria.. Once I get a couple charts I like (often there aren't any) I do a red flag check of fundamentals and the run it on vectorvest.com to get their valuation... comments? paul

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