Hello Zoya,
>>this p&f stuff is really working.but,i find myself able to look up and study only a few charts.i was wondering if there is a fast way to scan for stocks that are forming important patterns at the current time and then study the ones that come up high on the scans.<<
As much as I detest people who refer others to a previous post <g> well --- here's a previous post --https://www.siliconinvestor.com/readmsg.aspx?msgid=7952942
What's my point? Notice the word "Breakout". Unless or until a breakout occurs, a "Maybe" pattern is nothing more than than a "Will he/she sink this 4 foot putt" or "Will we stay above 10000 today" or "Will Jordan come back" and on and on. If it happens it happens. Deal with it then. I'm aware of all the maybe patterns on my hand charts -- but I don't get serious until the breakout occurs. 99% of the time, a developing pattern is just that -- until a certain kind of breakout occurs. And if it does occur, you will have more than enough time jump on the train, or wait for the next one.
Go to the "True value seats" at DWA, click patterns. There's everything you need to know through that day and some of the recent days. Pick a stock. Put up two or three MACD's, a STOCH, an RSI, candles, Bollinger Bands, moving averages, etc. Go back as far as the P&F chart will let you and see what signals these other indicators were giving when Breakouts occurred (both buy and sell). Was the Breakout a success - or a flop. Now look at the current Breakout signal. Do you believe it?
Take care,
Eric |
